April 14, 2024
Apple Was the Only Top Five Smartphone Vendor to Grow in 1Q23 [Chart]

Apple Was the Only Top Five Smartphone Vendor to Grow in 1Q23 [Chart]

Posted April 27, 2023 at 3:22pm by iClarified
Apple managed to gain 3% market share during 1Q23 despite global smartphone shipments declining 13%, according to Canalys' latest research. Total smartphone shipments for the quarter were 269.8 million units with Samsung shipping 60.3 million units, followed by Apple with 58.0 million.

The only smartphone vendor to see year-on-year growth during the first quarter of 2023 was Apple. The company reached 21% market share, just under Samsung at 22%. Xiaomi placed in third position with 30.5 million shipments for 11% of the market. OPPO and vivo completed the top five, shipping 26.6 million and 20.9 million units, respectively, securing 10% and 8% market share.

Apple Was the Only Top Five Smartphone Vendor to Grow in 1Q23 [Chart]



"Samsung's performance shows early signs of recovery after a tough end to 2022," said Runar Bjørhovde, Canalys Analyst. "The rebound is particularly connected to product launches, which drove an increase in sell-in volume. Still, Samsung will have to navigate through a difficult landscape going forward, particularly as entry-level device inventory remains high. Declining profits from its semiconductor memory business will also trigger a more conservative marketing spend overall. Meanwhile, Apple had robust performance in Q1, particularly in the Asia Pacific region. Here, Apple's sustained investments into offline channels enabled it to attract a burgeoning middle-class, which places high value on the in-store purchasing experience."

Apple Was the Only Top Five Smartphone Vendor to Grow in 1Q23 [Chart]

"The mid-range price segment has started to recover following huge declines last year," said Canalys Research Analyst Lucas Zhong. "Vendors are leveraging trade-down opportunities with strong value-for-money offers for consumers with limited spending power. This is supported by decreasing component prices and vendors accelerating spec upgrades for mid-range product portfolios. However, mid-range demand in 2023 will remain limited due to the macroeconomic challenges and missing differentiators within this price band. Furthermore, with supply inventories starting to clear, component prices may quickly start to increase, making great specs for lower prices less sustainable in the long-term."

"The market remains challenging and Canalys maintains its forecast of marginal declines for 2023," added Zhong. "Shipments will stabilize around the levels from 2022 as we move into the middle of 2023. Decline rates will start to improve soon, although this is more connected to the stark contrast between 2022 and 2023 shrinking. Canalys expects the smartphone market will gain momentum in the second half of the year as channel inventories reach healthier levels. Vendors are cautiously approaching the market with profitability targets, lean operations and inventory clearing as top priorities. However, for vendors with long-term ambitions and capital to invest, challenging market conditions provide an excellent environment to capture market share, showcase commitment and intentions to new markets, and establish close partnerships with the channel."


More details in the full report linked below...

Read More


Apple Was the Only Top Five Smartphone Vendor to Grow in 1Q23 [Chart]
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