According to the latest report from Canalys, Transsion is the biggest winner in global smartphone shipments in Q2 of 2023.
Transsion – Canalys
The Canalys Smartphone Market Pulse report covers the global smartphone shipments in April, May, and June of this year. It revealed that Samsung and Apple remain the top smartphone companies with a market share of 21% and 17%, respectively. Despite this though, the two companies have an annual growth of -14% and -13%, respectively.
Out of the top five smartphone manufacturers, only one had a positive annual growth of +22%. This is Transsion with a 9% market share and 22.7 million shipments. The company includes brands like TECNO Mobile, Infinix, and iTel and has strong sales across the Middle East, African, and Latin American markets. Locally, the company has also impressed in recent times.
The company just comes close to Xiaomi and OPPO, the manufacturers that came in third and fourth, respectively. Xiaomi includes its sub-brand of POCO and has a 13% market share with 33.2 million shipments but a -16% annual growth, while OPPO includes shipments from OnePlus and has a market share of 10% with 25.2 million shipments and an -8% yearly growth.
Additionally, Canalys reports a 10% decline in shipped units compared to the same period last year. Despite the negative growth though, it is said that the global smartphone demand is starting to rebound with industry-wide inventory reductions and a rising demand in regional markets.
Ram found his love and appreciation for writing in 2015 having started in the gaming and esports sphere for GG Network. He would then transition to focus more on the world of tech which has also began his journey into learning more about this world. That said though, he still has the mentality of "as long as it works" for his personal gadgets.
