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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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Category
Industry
Mobile and Telecom
Report Type
Report
Summary
Published
Oct 5, 2023
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.
