In the past three months of 2023, global smartphone sales experienced an 8 percent year-over-year decline, marking the ninth consecutive quarter of decreased sales. However, the market still saw a 2 percent growth compared to the previous fiscal quarter.
This marks the eighth consecutive quarterly decline in the smartphone market. However, we can observe a positive trend.
The annual Mobile World Congress (MWC) trade fair kicked off on Monday, bringing together global experts in mobile and telecoms to present their latest product innovations and talk about the future of tech.
Analysts at Canalys say that while the problems with component supplies such as chips have abated, the issue of falling demand still persists.
At the 2022 Mobile World Congress in Barcelona, the company Oppo, whose phones are becoming more and more popular worldwide, presented a 240W charging system which fully charges the smartphone battery in just 9 minutes.
Global smartphone sales fell by six percent in the third quarter in relation to the same period last year, but rose at the same rate compared to the second quarter. A total of 342 million smartphones were shipped worldwide in the three months from July to the end of September.
In just three months, from April to the end of June, 50.1 million smartphones were sold in Europe, so total sales increased by a whopping 14 percent compared to the same period in 2020.