China's Smartphone Market Fell 6.3% in 3Q23 Despite the Buzz Led by Huawei’s Flagship Products
October 30, 2023 | IDCEstimated reading time: Less than a minute
According to the IDC Worldwide Quarterly Mobile Phone Tracker, 67.1 million smartphones shipped in China in 3Q23, down 6.3% year-on-year (YoY) as smartphone vendors remained discreet before more new products launched in the last quarter of the year.
Nevertheless, a sign of the market bottoming out emerged as consumers were attracted by the social buzz led by the Huawei Mate 60 series while the key vendors put more focus and hope in 4Q23, especially during the Singles’ Day online shopping festival.
Honor returned to the top spot after more than a year, with its 3 new foldable models enhancing its position in the high-end US$600 segment. Apple launched the iPhone 15 series but saw lower-than-expected demand. Although the highest-end iPhone 15 Pro Max was more well-received, it faced supply constraints in the early sales period.
“The Chinese market is expected to see its first YoY growth in 4Q23 after more than two years, mainly driven by more intense competition and a low comparison base,” said Will Wong, Senior Research Manager for Client Devices at IDC Asia/Pacific. Wong adds, “Nevertheless, challenges remain, especially since Chinese consumers have become more rational, with FOMO sentiment not as strong as pre-COVID.”
Suggested Items
Sluggish Telecom Market Growth Prompts Operators to Become Full-Stack Technology Suppliers
11/18/2024 | IDCWorldwide spending on telecommunications and pay TV services will reach $1,544 billion in 2024, representing an increase of 2.4% year-on-year, according to the Worldwide Semiannual Telecom Services Tracker published by International Data Corporation (IDC).
Foxconn Posts Q3 2024 Financial Results
11/15/2024 | FoxconnRevenue reached NT$1.85 trillion, and for the cumulative January-September period revenue totaled NT$4.7 trillion, both setting new highs for the same period compared to previous years.
It’s Only Common Sense: Results Come from Action, Not Intention
11/11/2024 | Dan Beaulieu -- Column: It's Only Common SenseEverybody has an excuse, and especially in business, there’s no shortage. Every day we hear why something didn’t work, a target wasn’t met, or an opportunity was missed. Excuses are easy. Action is hard. If you want to achieve results, stop making excuses and start acting. It’s only common sense.
North American EMS Industry Shipments Up 10.3% in September
10/29/2024 | IPCIPC announced the September 2024 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.26.
North American PCB Industry Shipments Down 24.1% in September
10/29/2024 | IPCIPC announced the September 2024 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.08.