Global smartphone shipments decline due to poor demand, only Apple sees growth: Canalys

While shipments of high-end smartphones were up, the overall demand for smartphones fell in the third quarter of 2022. This led to a 9 per cent overall drop in shipments in the quarter, suggests a new report by Singapore-based research firm Canalys. The major reason behind the decrease is a drop in demand. ‘The latest Canalys smartphone analysis indicates weak demand in Q3 2022 caused worldwide smartphone shipments to decline by 9% year-on-year to 297.8 million units,” the report said.

Samsung and Apple stay on top

While the market saw an overall decline, Apple was the only vendor that saw a year-on-year shipment growth.