Q4 Smartphone Shipments Set to Surge Over 10% Sequentially

According to a recent report by Digitimes Research, smartphone shipments are projected to grow by more than 10% quarter-on-quarter (q-o-q) and 2% year-on-year (y-o-y), reaching over 300 million units. This growth is primarily driven by Apple's iPhone shipments, which have been performing exceptionally well in the market.

The demand for smartphones has started to recover in emerging markets, such as Southeast Asia, Latin America, and Africa, during the latter half of the third quarter of 2023. This recovery has contributed to the overall increase in smartphone shipments worldwide.

In the third quarter of 2023, global smartphone shipments reached nearly 275 million units, narrowing the annual decline to just 0.6%. This indicates a positive trend in the market, with the potential for further growth in the coming months.

The forecast for smartphone shipments in 2023 is estimated to be around 1.1043 billion units. This projection suggests a promising future for the smartphone industry, as the demand for these devices continues to rise.

In the Chinese market, smartphone shipments for the third quarter slightly increased to 61.3 million units, with a year-on-year growth rate of 5%. This growth can be attributed to the strong demand for smartphones in the country.

Outside of China, due to the recovery in demand from emerging countries, smartphone shipments have been revised upward to 213.5 million units, narrowing the annual decline to 2.1%. This indicates a positive outlook for the global smartphone market, as emerging markets play a significant role in driving growth.

Looking ahead, 5G smartphone shipments in 2023 are forecasted to be 571.5 million units, representing a 2.9% decline from the previous year. Despite the slight decline, the adoption of 5G technology in smartphones is expected to continue growing, as more consumers embrace the benefits of faster and more reliable connectivity.