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 smartphone market wholesale revenue declined 2% YoY despite growing by 13% QoQ to clock a little under $97 billion in Q3 2023.
- The top five smartphone brands contributed around 79% of the total revenue.
- Among regions, China led the market, although with a sequentially declining revenue share which fell by around 1% to just under 25% in Q3 2023.
- The smartphone revenue share of North America, on the contrary, grew to around 22% after falling consecutively for five quarters.
Date Published: November 2023