SHANGHAI, Jan 29 (Reuters) – China’s smartphone revenue fell 13% 12 months-on-yr in 2022, the premier plunge for the sector in a decade as shoppers invested cautiously, marketplace exploration business IDC stated on Sunday.
The overall selection of units delivered was 286 million, down from 329 million in 2022.
That meant complete 2022 income volume was the cheapest due to the fact 2013 and the initially time because then that once-a-year profits have dropped underneath 300 million, IDC stated in a report.
Android handset maker Vivo was the prime-advertising brand name around the 12 months, with a sector share of 18.6%. Its total shipments fell 25.1% year-on-yr, even so.
Honor ranked as the 2nd most effective-promoting model, with shipments growing more than 34%, albeit from a reduced foundation.
Apple Inc (AAPL.O) was the third very best-promoting cell phone model in 2022, tied with Oppo.
Apple’s total income fell 4.4% yr-on-yr, broadly outperforming the industry downturn.
In Q4, regardless of becoming the major-providing manufacturer in the three-thirty day period interval, year-on-yr product sales for iPhones had been nevertheless down, as source chain challenges induced by worker unrest at manufacturer Foxconn’s plant in the town of Zhengzhou compounded even worse-than predicted desire, scientists wrote.
Rigid COVID-19 controls in China, which ramped up in the spring of 2022 throughout a number of towns, weighed greatly on its economic system which slumped to one particular of its worst degrees in just about half a century very last yr.
The plunge in smartphone profits in China reflected the sector’s overall performance globally. In 2022, worldwide smartphone shipments hit 1.2 billion, the most affordable given that 2013 and a year-on-year fall of a lot more than 11%, according to IDC.
Reporting by Josh Horwitz Enhancing by Robert Birsel
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