- Aug 17, 2014
- 11,198
The analyst firm Canalys has said that the global smartphone market saw 8% year-on-year growth in the fourth quarter of 2023. Shipments reached 319.5 million units during the quarter and Canalys believes that this is a sign of stability and the beginning of a recovery.
The total shipments for the year reached 1.14 billion, representing a decline of 4% compared to 2022. The company in the market was Apple which held 20% of the market share or 229.2 million shipments in 2023.
Samsung was in second place with 225.4 million shipments (20%), Xiaomi came in third with 146.4 million units (13%), and OPPO and Transsion landed in fourth and fifth place with 9% and 8% of the market share respectively.