Only one of the top five smartphone brands showed growth in global shipments last quarter

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Only one of the top five smartphone brands showed growth in global shipments last quarter
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Global smartphone shipments declined 9% on an annual basis during the third quarter and the outlook for the current quarter is gloomy.

The global smartphone industry had a rather poor third quarter according to the latest report from analytical firm

was next as it shipped 53 million iPhone models in the quarter, up 8% from the same time period last year. Apple now owns 18% of the global smartphone market.In third-place was Xiaomi, which like, suffered an 8% decline in shipments during the third quarter. The company shipped 40.5 million units giving it a 14% slice of the global smartphone pie. Oppo finished fourth but had the largest decline in shipments on an annual basis at 22%. After the decline, Oppo shipped 28.

Canalys Research Analyst Runar Bjørhovde says that the only sector of the market showing growth was the high-end. He adds,"Apple reached its highest Q3 market share yet, driven by both the iPhone 13 and newly launched iPhone 14 series. The popularity of the iPhone 14 Pro and Pro Max, in particular, will contribute to a higher ASP and stable revenue for Apple."

Canalys Analyst Sanyam Chaurasia took a look at the global aspects of the smartphone industry."Europe and Asia Pacific outperformed the rest of the world in Q3," the analyst wrote."Europe avoided a significant drop helped by a spike in shipments to Russia. Here, Chinese vendors leveraged short-term opportunities to stock up the channel in a market that has been undersupplied during previous quarters.

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