IDC suggests that 2022 was the worst year for smartphone shipments worldwide
If we consider the history of smartphone shipments over the years, we come to know that 2022 is the worst year for the smartphone market. Several companies reported negative growth YoY in contrast to 2021. However, Samsung was successful in keeping up its market share.
IDC is a market research firm. As per its latest report, almost 260.9 million smartphones were shipped by the tech giant Samsung in 2022. It contributed to a market share of 21.6%. On the other hand, Apple reported 226.4 million shipments with a market share of 18.8%. Xiaomi stood in third place. It was able to manage 153.1 million smartphone shipments during the last year. It acquired a 12.7% market share in 2022.
However, if we observe the stats from 2021, then Samsung was successful in shipping 272.1 million smartphones. Whereas Apple and Xiaomi shipped around 235.8 and 191 million units of smartphones. However, things changed in Q4 2022. It was due to the fact that Apple introduced the iPhone 14 series in Q4 of last year. That is why its position got better compared to Samsung.
With the iPhone 14 series, the Cupertino giant Apple was capable of holding around 24.1% market share. In Q4 2022, the tech company shipped 72.3 million phones. In contrast, the South Korean tech giant shipped 58.2 million units. It attained a 19.4% market share. Again, Xiaomi was stuck in third place. It had 33.2 million shipments internationally and hold around 11% of the market share.
The initial data from IDC indicates that the smartphone market endured the most terrible decline in 2022. It was around 11.3%. On the other hand, global shipments decreased by 18.3 %YoY during the holiday season. Although at this time the companies presented attractive deals and discounts. However, the overall decline for all OEMs fell to 300.3 million units in Q4 2022.
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