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Canalys: Global smartphone market drops 9 percent YoY, worst Q3 since 2014!

The 3rd quarter of 2022 is touted to be the worst Q3 since 2014 as the smartphone market fell 9 percent YoY. 3 quarters in a row of decline for 2022.
Canalys: Global smartphone drops 9 percent YoY, worst Q3 since 2014!
9 percent YoY drop for smartphone market for Q3 2022

Canalys reports a 9 percent drop in the smartphone market globally

Here is the data from Canalys!
Here is the data from Canalys!

Consumers are delaying the purchase of electronic technology and placing more importance on other necessary expenditures due to the bleak economic outlook. For the next six to nine months, this will probably continue to affect the smartphone market. 

With a 22 percent market share, Samsung maintained its top spot thanks to aggressive promotions to lower channel inventory. Due to relatively steady demand for iPhones, Apple was the only other vendor in the top five to report positive growth, significantly strengthening its market position with an 18 percent share during the market downturn. While maintaining 14 percent, 10 percent, and 9 percent of the worldwide market share, respectively, Xiaomi, OPPO, and Vivo continued to be cautious in their international expansion due to the uncertainties in their home markets.

Samsung grew 1 percent YoY, Apple grew 3 percent YoY, Xiaomi retained 14 percent YoY, OPPO declined 1 percent YoY, vivo dropped 2 percent YoY, and the rest of the vendors lost 1 percent altogether.

What do you guys think?

Source: Canalys
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