BUZZ-Huawei chips away at Apple's premium smartphone market share in 2023 - report

Reuters
2024.01.02 12:34
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Apple's share in the global premium smartphone market has declined to 71% in 2023, mainly due to Huawei's resurrection in China. The global premium smartphone market is projected to grow 6% in 2023, with the premium segment capturing one-fourth of global smartphone market sales and 60% of the revenues. Samsung has also gained share in the market. The growth in the premium market is driven by China, Western Europe, India, and the Middle East and Africa.

** Apple’s (AAPL.O) share in the global premium smartphone market has declined to 71% in 2023 from 75% in 2022, according to Counterpoint Research’s Market Pulse Service

** IPhone maker’s share in the global premium smartphone market has declined mainly because of Huawei’s resurrection in China driven by the Mate 60 series - report

** Global premium smartphone market’s sales are likely to grow 6% y/y in 2023, compared with decline projections - report

** Premium segment is likely to capture close to one-fourth of global smartphone market sales and 60% of the revenues in 2023 - report

** Samsung has also gained share driven by its S23 and Foldable series - report

** Much of the global premium market’s growth in 2023 is being driven by China, Western Europe, India and the Middle East and Africa - report

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