The Chemical Connection: Don’t Just Blame the Etcher
It’s Only Common Sense: Doing Business the Elon Musk Way
Nolan's Notes: ConvergenceThe 1Q23 Philippines’ Smartphone Market Fell to the Lowest Quarterly Shipments in Three Years
May 30, 2023 | IDCEstimated reading time: 1 minute
According to the International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker, the Philippines smartphone market declined 16.7% quarter over quarter (QoQ) and 11.0% year over year (YoY), shipping 3.5 million units for the first quarter of 2023. Market conditions remained difficult as core inflation continued to rise through March 2023.
“The last time shipments hit below 3.5 million records was back in 1Q20 when the pandemic just started and the first lockdown was implemented,” says Angela Medez, Client Devices Senior Market Analyst at IDC Philippines.
Transsion climbed to the top spot, ending realme’s two-year streak as top the ranking smartphone company in the Philippines. Transsion’s sub-brand, Tecno, grew 33.7% YoY and 107.8% QoQ contributing more than 50% to the company’s total shipments, surpassing Infinix’s share.
Tecno’s rise is attributable to its aggressive campaigns offering new models at different price points (with its Spark Go 2023 model leading its growth) as well as introducing its Phantom series, initiating the brand’s entry in the US$500+ band.
“Though it seems that the market has finally bottomed out and is on its road to recovery with inflation finally slowing down, IDC anticipates shipments to remain flat in 2023 as vendors will remain cautious with inflation still above comfortable levels,” Medez added.
Share on:
Suggested Items
GCC Smartphone Market Posts Growth in Q2 2023
09/25/2023 | IDCNewly released data from IDC's Worldwide Quarterly Mobile Phone Tracker shows that shipments of smartphones to the Gulf Cooperation Council (GCC) region increased 2.9% year on year in Q2 2023, with growth of 2.8% on the previous quarter.
Keysight and Synopsys Partner for IoT Device Cybersecurity
09/22/2023 | Keysight Technologies, Inc.Keysight Technologies, Inc. and Synopsys, Inc. are partnering to provide internet of things (IoT) device makers with a comprehensive cybersecurity assessment solution to ensure consumers are protected when devices are shipped to market. Under the arrangement, the Synopsys Defensics® fuzzing tool will be embedded as an option into the Keysight IoT Security Assessment solution.
Dicro Oy Opens New Factory in Narva, Estonia
09/22/2023 | Dicro OyDicro Oy is pleased to announce the expansion of Dicro into Narva, the third largest city in Estonia, where last week we started production in our new factory.
MIRTEC Announces Robert Horowitz Promoted to National Sales Manager
09/21/2023 | MirtecMIRTEC, the ‘Global Leader in 3D Inspection Technology’ is pleased to announce that Robert Horowitz has been promoted to the position of National Sales Manager for MIRTEC’s North American Sales and Service Division.
Wearables Bounce Back with 8.5% Growth in Q2 2023 and a Positive Forecast
09/21/2023 | IDCGlobal shipments for wearable devices returned to growth in the second quarter of 2023 (2Q23) reversing two quarters of decline, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.