Despite a projected decline in the overall global smartphone market, the premium segment (wholesale prices of $600 US or more) is set to grow by 6% year-over-year in 2023, according to Counterpoint Research’s Market Pulse Service. This growth indicates a new record for the premium market, which is expected to constitute nearly a quarter of...
The global smartphone market saw a significant revenue drop in Q2 2023, declining by 8% year-on-year (YoY) and 15% quarter-on-quarter (QoQ), settling below the $90 billion mark. This is notably the weakest Q2 performance since the intense lockdowns of the 2020 pandemic, according to data from Counterpoint’s Market Monitor Service. The market’s operating profits weren't...
The U.S. smartphone market experienced a 24% year-on-year (YoY) decline in shipments in Q2 2023, marking the third consecutive quarter of such declines, according to Counterpoint Research's Market Monitor data. Amidst this downturn, Apple's resilience has been noteworthy, with its shipments falling by only 6% year-over-year (YoY), compared to a 38% decline for Android smartphones....
