A new report from analyst firm Counterpoint Research for the Third quarter of 2023 claims that Nokia smartphone shipments grew by 17% in the US market. This growth in Nokia smartphone shipments came at the expense of market share for some other brands.
Google, Samsung and TCL recorded the steepest Year-on-Year declines in the US market share in Q3 2023. Motorola and Nokia however managed to grow their market shares amid this challenging market environment. Motorola smartphone shipments grew by even a better 31% rate, while the growth for Nokia smartphones was at 17%.
US smartphone shipments declined 19% in Q3 2023, according to Counterpoint Research’s Market Monitor data. Samsung, Google, and TCL saw steep declines of 26%, 37% and 51%, respectively, in their smartphone shipments. However, Motorola and Nokia HMD managed to increase their shipments by 31% and 17%, respectively, compared to the same period last year. Apple’s shipments were down 11% compared to Q3 2022, part of which is attributable to the later launch date of the iPhone 15 series compared to the iPhone 14 series, which pushed some shipments into Q4 2023.
US smartphone shipments declined 19% Year-on-Year for the fourth straight quarter in Q3 2023 amid weak consumer demand. As per the report, weak upgrade rates at the carriers were the main source of weak smartphone shipments. This signaled that consumers were opting to hold on to their devices for longer.
Thanks Erik for the tip. Cheers!!