The global smartphone market in 2023 is expediting towards a dire situation of becoming the worst year for smartphone shipments. In an ostentatious moment, although the market is riled with the US and China, there is a fighting chance for tech giant Apple to bag the biggest global phone market share owing to the indefatigable iPhone sales in 2023.
Global Smartphone Market: Apple iPhone Reigns Supreme
According to estimates of Counterpoint Research, global smartphone shipments in 2023 are on course to decline 6 percent year-on-year to 1.15 billion devices. The contexture of global smartphone shipments is not tantamount to sales but the number of devices that smartphone vendors lease to retailers, as per expected demand.
Once a juggernaut, China’s economic engine is defying projections of a swift revival after stumbling into an abyssal void. Consumers’ hesitance to spend on smartphones, has railroaded the Chinese smartphone purchase into a global reverberation. The zenith of 450 million units annually has plummeted to a mortifying 270 million, acting as the linchpin in the downturn of global smartphone shipments.
“Asia is one of the major hurdles to growth as headwinds halt the economic turnaround anticipated for China at the start of 2023, and the broader region experiences intensifying decimations across emerging markets.”
North America paints a dramatic picture in its swivel in the smartphone market’s recovery saga. The lackluster performance in the first half of the year sets a precedent for an impending gigantic decline, as suggested by somber estimate reports. Across the globe, receding inflation and a resilient job market are contravening consumers’ reluctance to upgrade devices.
Apple stands poised to rewrite the suspenseful script of the global smartphone market. The imminent debut of Apple’s iPhone 15 in September 2023 has attuned everyone’s excitement and anticipation, which could potentially be a catalyzing denouement to the year. Many forecasts are hopeful for Apple’s prospects of winning the global smartphone market share, dubbing it a ‘good spot’ for the tech giant.
“It’s the closest Apple’s been to the top spot. It’s a spread that’s a few days’ worth of sales, assuming Apple doesn’t run into production problems as it did in 2022.”
The iPhone 12 captured a substantial user base and attributes to the prophecy of a cutthroat and pivotal juncture for high-value consumers. Many pennyworths proclaim that Apple will float through the otherwise drowning global smartphone market.
Apple’s odyssey into new territories such as the beckoning of India holds a torch to the tech giant’s strategic gambit. The inauguration of the maiden brick-and-mortar stores in India symbolizes an audacious move by CEO Tim Cook, fueled by his personal investment.
Just as India embraces Apple’s iPhone 15, the tech giant will ascend to the pinnacle – the throne of the global smartphone market. The title holder Samsung’s reign is threatened, should this maneuver into a crucial turning point for Apple.
Apple iPhone’s sales in 2023 and China’s economic downturn ripple effect are etched to reshape the contours of the global smartphone market. Will Apple celebrate a coronation or will Samsung withstand the storm as a stalwart?