Investing.com | G Day Editor
Revealed Nov 05, 2023 07:59AM ET
Within the third quarter of 2023, the US smartphone market skilled a major downturn with shipments dropping by 19%, as reported by Counterpoint Analysis. The decline was felt throughout business giants Samsung (KS:005930), Google (NASDAQ:GOOGL), and TCL, which noticed their shipments fall by 26%, 37%, and 51% respectively. Apple (NASDAQ:AAPL)’s shipments additionally took a success, reducing by 11%, largely as a result of delayed launch of the iPhone 15 sequence, based on analysts.
Alternatively, Motorola (NYSE:MSI) and Nokia (HE:NOKIA) HMD managed to buck the pattern, witnessing cargo development of 31% and 17% respectively. Regardless of strong promotions from carriers, improve charges hit near-record lows as customers selected to retain their units for longer intervals.
Nevertheless, new entrants out there reminiscent of foldable smartphones are rising as potential catalysts for a market rebound. Units like Samsung Galaxy Z Flip, OnePlus’s first foldable smartphone, and Motorola Razr 2023 are gaining traction amongst customers, famous the analysts.
Looking forward to the fourth quarter of 2023, a seasonal rebound in improve charges is predicted. Counterpoint analysts predict that this rebound will probably be pushed partially by a big base of iPhone 11 and iPhone 12 customers more likely to change to the iPhone 15 sequence. Nevertheless, they anticipate that improve charges will stay decrease than these of the earlier yr. All info was sourced from IANS.
This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.
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Written By: Investing.com
