Market Monitor I Quarterly Smartphone Vendor Region Value Share 2023 Q1
May 19, 2023
|
Author : Harmeet Singh Walia
Overview:
This report from Counterpoint’s Market Monitor service highlights the regional revenues and ASPs for 42 brands in the smartphone segment. These 42 brands together capture close to 95% of the total market by revenues.
Summary:
- Global handset market wholesale revenue declined 8% YoY and 9% QoQ to a close to $104 billion in Q1 2023.
- The top five smartphone brands contributed over 83% of the total revenue.
- Among regions, China led the revenue share (24.4%) driven by strong 5G smartphone penetration.
- China’s share of the global smartphone market is up from 22.6% in Q1 2022 to around 24.4% in Q1 2023 as the region began to recover after the lifting of the Covid-era restrictions.
Publication Date: May 2023
