Only one major smartphone manufacturer increased its shipments year-over-year during Q3

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Only one major smartphone manufacturer increased its shipments year-over-year during Q3
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Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 11 Pro Max, he has seen smartphones evolve into a global phenomenon.

Global smartphone shipments declined 1% year-over-year during the third quarter as 293.4 million units were shipped during the three months according toremained the number one smartphone manufacturer worldwide by delivering 57.4 million handsets during the quarter. That gave the company a leading 20% share of the market.moved a little closer to its South Korean rival by shipping 50 million iPhones during the quarter which included the release of the newseries.

Lucas Zhong, Research Analyst at Canalys, says that manufacturers are focusing on the premium segment of their business. He wrote,"Brands are enhancing their premium segment offerings to expand their utility through design and user interface improvements. The global competition for foldable smartphones is set to intensify. Samsung's Galaxy Z Flip and Fold 5 series were released two weeks earlier than usual to bolster Q3 2023 revenue and market performance.

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