Global smartphone shipments fall 9% in second qtr amid economic downturn
Global smartphone shipments fell 9 per cent (year on year) in the second quarter (Q2) this year as Samsung led with a 21 per cent market share, a new report has said.
Apple came second with a 17 per cent market share as the iPhone 13 remained in high demand.
Xiaomi, OPPO and vivo continued to struggle in China, suffering double-digit declines to take 14 per cent, 10 per cent and 9 per cent market shares, respectively, according to research firm Canalys.
Demand has started to wane following economic headwinds and regional uncertainty, the report noted.
"Vendors were forced to review their tactics in Q2 as the outlook for the smartphone market became more cautious," said Canalys Research Analyst Runar Bjorhovde.
Economic headwinds, sluggish demand and inventory pileup have res...