The global smartphone market suffered its fifth consecutive quarterly decline, falling by 12% YoY in Q1 2023, according to a Canalys survey. That said, iPhone sales have grown year over year from 18% to 21% due to the solid demand for the iPhone 14 Pro series after supply constraints made the company sell fewer models during the last holiday quarter.
Another interesting piece of information regards Samsung, which was the only leading vendor to achieve a quarter-on-quarter recovery and struggled back to number one with a 22% market share. That said, the South Korean company still sold fewer phones than last year when it had 24% of the market share.
“The smartphone market’s decline in the first quarter of 2023 was within expectations throughout the industry,” said Canalys Analyst Sanyam Chaurasia. “The local macroeconomic conditions continued to hinder vendors’ investments and operations in several markets. Despite price cuts and heavy promotions from vendors, consumer demand remained sluggish, particularly in the low-end segment due to high inflation affecting consumer confidence and spending.”
While Canalys predicts the inventory of the smartphone industry can reach a relatively healthy level by the end of the second quarter of 2023, it’s still too early to predict the recovery of overall consumer demand.
Image source: Canalys Of all the top vendors, only Apple and OPPO had a YoY increase with their flagship phones during the first trimester. Samsung and Xiaomi had a decrease in market share, and Vivo retained its 8% from last year.
“The sell-in volume of the global smartphone market is expected to improve due to the reduction in inventories in the next few quarters. In addition, vendors have focused more on innovations and raising production and channel efficiencies after a round of fluctuations, shifting from growing for volumes and shares to growing for quality. 5G popularization and foldable phones are also becoming the new driving forces in the industry,” said Chaurasia.
For Apple, the company could be preparing for new highs with the iPhone 15 series. Without the fear of supply constraints for another quarter, the company is still selling iPhone 14 models while preparing a solid lineup of four new iPhone versions.
With a new design, better cameras, and processors, the Cupertino firm could see a new high during the holiday quarter later this year, which could also positively impact the first quarter of next year.
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By Samsung Newsroom
Samsung Electronics has been recognized as a leader in the global soundbar market, according to the market research firm, FutureSource Consulting. A newly released report published on February 28 notes that Samsung topped the soundbar market for the ninth year in a row, commanding 20.2% in market share and accounting for 18.4% of the industry sales volume in 2022.
Samsung soundbars, including the premium Q-series lineup, are expertly crafted and fine-tuned for powerful and immersive sound quality, enhanced compatibility with TVs, and sleek and modern design. Features such as SpaceFit Sound have been praised by customers and reviewers for calibrating sounds to fit the acoustic properties of each space for tailor-made sound experiences.
In fact, Samsung soundbars have impressed industry experts and reviewers, with outlets such as AVForums selecting the HW-Q990B as the “Best in Class” Award winner for 2022 and Newsweek commenting that the HW-S800B “delivers impressive room-filling sound” in such a compact form.
This year Samsung is taking its soundbar lineup to the next level with captivating cinematic sounds and premium audio features to win the hearts of consumers and home theater enthusiasts.
Samsung’s HW-Q990C is a flagship Q-series soundbar with an impressive 11.1.4-channel setup and Dolby Atmos audio. It comes with the latest Q-Symphony 3.0 feature, which analyzes and processes voice channels and audio elements to deliver perfectly synchronized audio using every speaker in both the TV and the soundbar. It also comes with SpaceFit Sound Pro, which calibrates sounds to match the acoustic properties of each space, and Game Mode Pro, which optimizes sounds by game genres for added realism when played through Samsung Gaming Hub.
“Samsung is committed to providing our customers with an industry-leading home entertainment experience that meets the evolving needs of our customers,” said Cheolgi Kim, EVP of Visual Display Business at Samsung Electronics. “Samsung soundbars are the perfect immersive match for Samsung TVs, exemplifying the pinnacle of cinematic sound with smart audio features and enhanced connectivity.”
According to Futuresource, the global soundbar market, which has been showing steady growth of about 5.7% over the past three years, recorded 23.16 million units in sales in 2022 and is expected to reach 26 million in sales by 2025.
For more information, please visit https://www.samsung.com.
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