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Worldwide Smartphone Shipments on Track for Recovery with a Slight Decline in the Third Quarter, According to IDC Tracker

Worldwide smartphone shipments declined 0.1% year over year to 302.8 million units in the third quarter of 2023 (3Q23), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to increase shipments.

"We are seeing a strong ramp up of shipments in emerging markets by vendors like Xiaomi and Transsion," said Nabila Popal, research director with IDC's Mobility and Consumer Device Trackers. "While this is a good sign of approaching recovery, vendors must keep a close eye on sell-through to avoid falling into excess inventory again, as demand is still weak in many regions. Meanwhile, on the other end of the spectrum, we see Apple growing in all regions except China, where it's facing renewed competition from Huawei as well as heightened macroeconomic uncertainties that are causing consumers who once used to rush for the latest iPhones to pause and think more carefully about their purchases."

China saw shipments fall 6.3% year over year in 3Q23, marking the tenth consecutive quarter of decline. Climbing youth unemployment, the ongoing real estate crisis, and deflation have significantly damped consumer spending and broader macroeconomic environment in China. Elsewhere, shipments in Europe, Japan, and the U.S. declined 8.6%, 5.3%, and 1.1% respectively. But emerging markets like the Middle East and Africa (MEA), Latin America (LA), and Asia/Pacific (excluding Japan and China) saw 3Q23 shipment growth of 18.1%, 8.2%, and 1.3% respectively.

"The continued growth in the high-end market feels counterintuitive considering the economic challenges we are seeing across the globe," said Anthony Scarsella, research director, Mobile Phones at IDC. "Yet the high-end continues to flourish due to generous trade-in and financing options in many developed markets. However, as consumers choose premium models, the refresh cycle will continue to extend. Superior build quality, increased storage, premium features, and longer support cycles drive buyers towards the high-end as these devices last well beyond most affordable models."

Top 5 Companies, Worldwide Smartphone Shipments, Market Share, and Year-Over-Year Growth, Q3 2023 (Preliminary results, shipments in millions of units)

Company

3Q23 Shipments

3Q23 Market Share

3Q22 Shipments

3Q22 Market Share

Year-Over-Year Change

1. Samsung

59.5

19.7%

65.0

21.4%

-8.4%

2. Apple

53.6

17.7%

52.3

17.2%

2.5%

3. Xiaomi

41.5

13.7%

40.5

13.4%

2.4%

4. OPPO

27.0

8.9%

28.9

9.5%

-6.5%

5. Transsion

26.0

8.6%

19.2

6.3%

35.0%

Others

95.1

31.4%

97.2

32.1%

-2.1%

Total

302.8

100.0%

303.1

100.0%

-0.1%

Source: IDC Worldwide Quarterly Mobile Phone Tracker, October 26, 2023

Notes:

  • Data are preliminary and subject to change.
  • Company shipments are branded device shipments and exclude OEM sales for all vendors.
  • The "Company" represents the current parent company (or holding company) for all brands owned and operated as a subsidiary.
  • Figures represent new shipments only and exclude refurbished units.

In addition to the table above, a graphic illustrating the worldwide market share of the top 5 smartphone companies over the previous five quarters is available by viewing this press release on IDC.com.

About IDC Trackers

IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and online query tools.

For more information about IDC's Worldwide Quarterly Mobile Phone Tracker, please contact Jackie Kliem at 508-988-7984 and jkliem@idc.com.

Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

All product and company names may be trademarks or registered trademarks of their respective holders.

Worldwide smartphone shipments declined 0.1% year over year to 302.8 million units in Q3 2023, according to preliminary data from the IDC Worldwide Quarterly Mobile Phone Tracker.

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