The global smartphone market continues to suffer as it experiences a fifth consecutive decline in shipments in Q3 2022, market analyst IDC says.
According to IDC’s worldwide quarterly mobile phone tracker, the worldwide smartphone shipment dropped by 9.7% year-over-year (YoY) to 301.9 million units during the third quarter (Q3) of 2022.
IDC attributes the “largest-ever third quarter decline” to the “weakened global demand and economic uncertainties. While the entire market is experiencing a decline, the vendor rankings remain the same from the previous quarter.
Samsung is still in the top spot shipping 64 million units which take up 21.2% of the market share. Still, the decline is evident as it is 7.8% lower compared to the same quarter last year when the South Korean giant sold 69.5 million.
Apple comes in at number two with 51.9 units shipped, owning 17.2% of the market. Quite a good month for the Cupertino-based company as it had a YoY improvement of 1.6%.