Market Monitor Q2 2023 - Quarterly Market Detailed Overview
Overview:
- Global smartphone market wholesale revenue declined 9% YoY but 6% QoQ to clock under $87 billion in Q2 2023.
- The top five smartphone brands contributed almost 80% of the total revenue.
- Among regions, China led the market, with an increasing revenue share which increased by over 6% YoY.
- The smartphone share of the Middle East and Africa (MEA), on the contrary, grew to an all-time high of over 7% QoQ.
Counterpoint’s Market Monitor - Quarterly Market Detailed Overview is an insightful report providing detailed analysis of the vendor activity and performance, measuring both volume and revenue by sell-in by major region and key countries (70+) and top (140+) vendors covering close to 96% of the global handset shipments. It is one of the detailed industrywide services providing an analysis of the key market drivers broken out by volume and value – which OEMs, brands and models are performing well, in which markets and why. Based on the in-depth analysis and primary knowledge, the report also gives the smartphone industry shipments forecast.
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Author
Harmeet Singh Walia
Harmeet works in Counterpoint Research’s India team, where he focuses on smartphone shipment forecasts, extended reality, consumer research and consulting projects. He was previously a consultant, formulating digital transformation & M&A strategies for companies in sectors including TMT and electronic manufacturing. He also has over five years of analyst experience working for the Economist Group and in investment banking. Harmeet holds a finance-focused masters from Warwick Business School.
