Subj : European phone shipments sink to a new low
To   : All
From : TechnologyDaily
Date : Mon Sep 04 2023 10:45:04

European phone shipments sink to a new low

Date:
Mon, 04 Sep 2023 09:30:47 +0000

Description:
European consumers aren't that interested in new smartphones, new reports 
claim.

FULL STORY
======================================================================

While European smartphone shipments sink to new lows, according to the latest 
figures from market analysts Counterpoint Research. 

In its latest paper on the state of European smartphone shipments - Market 
Monitor Service - the firm claims a 12% decline year-on-year in Q2 2023. 
Furthermore, the analysts claim this is the lowest quarterly shipment volume 
since Q1 2012. 

Western Europe has had the strongest decline - 14%, while Eastern Europe, 
described as in an already battered state experienced an 8% drop. Russia is 
growing 

Russia, on the other hand, has had a 4% growth year-on-year. Unfortunately, 
this is not due to any improvement in the market itself, or the buying power 
of its citizens, but rather because Q2 2022 was the first full quarter after 
the countrys invasion of Ukraine and major smartphone players exit from the 
market. 

Xiaomi is the market leader in Russia, the analysts further explained, with 
realme taking the number two spot. This upcoming Chinese manufacturer grew 
12% year-on-year, taking up 55% of the brands shipments in the region. 
Counterpoint argues that realme benefitted greatly from Samsungs and Apples 
exit. This also marks the fifth consecutive quarter realme held on to the 
number two spot, and during this time managed to consistently narrow the gap 
on leaders Xiaomi. Read more 

> Here's how to stay safe buying refurbished smartphones, according to the 
experts 


 > I bought a refurbished iPad Pro  and likely won't buy a new gadget again 


 > These are the best cheap refurbished phones and contracts 

HONOR grew 9% year-on-year. 

The smartphone market has been in a tough spot for years now, as new models 
only come with incremental improvements, and with form factors being almost 
identical among different manufacturers. New smartphones have lost the wow 
factor, which is one of the reasons consumers are increasingly turning 
towards used and refurbished devices. Foldable devices are showing promise, 
but so far theyve failed to capture the interest of the majority of the 
consumers. Check out the best refurbished iPhones and prices



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Link to news story:
https://www.techradar.com/pro/european-phone-shipments-sink-to-a-new-low


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