Global smartphone production recorded a 19.5% decline in Q1 2023
Global smartphone production has experienced a significant decline in the first quarter of the year, with a 19.5% plunge compared to the same period in 2022.
According to the latest data released by TrendForce, factors such as low demand, mobile brand adjustments to channel inventory, and the global economic downturn contributed to the decline.
The top five global market share data released by TrendForce shows that Samsung was ranked first with a 24.6% share, followed by Apple (19.7%) which produced 53.3 million smartphones in the first quarter, a 32.9% decline from the previous quarter.
On the other hand, OPPO, with a share of 10.7%, declined by 17% as it produced 26.8 million units, while Xiaomi produced 26.5 million units in the first quarter, a decline of 27.4% from the previous quarter and Vivo fell by 14.2% with 20 million units production.
In all, the data reinforced that the production of smartphones in the second quarter is expected to reach 260 million units under the support of seasonal demand, a quarter-on-quarter increase of about 5%.
