Global Smartphone Market Declined by 7% YoY Amidst Supply Constraints and Geopolitical Uncertainty in Q1 2022
- The global smartphone market declined by 7% YoY and 12% QoQ to 328 million units in Q1 2022.
- While Samsung’s shipments declined 3% YoY, it was the only top-five smartphone brand to grow QoQ. Its market share rose to 23% from 19% last quarter, resulting in Samsung taking the top spot from Apple in Q1 2022.
- Apple’s shipments declined by 1% annually to reach 59 million units in Q1 2022. This was after an expected seasonal quarterly shipment decline of 28%.
- Xiaomi, OPPO* and vivo’s component struggles continued, causing a quarterly and annual decline in their respective shipments.
- Samsung shipped 74 million units in Q1 2022, down just 3% YoY, and was one of only two top-five smartphone brands to come close to its pre-pandemic Q1 shipments. While its flagships were launched towards the end of February (a month later than last year) and at a price higher than the previous S21 series (despite lower BOM costs), customers responded well, driving a 7% QoQ shipment growth.
- Apple’s global smartphone shipments remained flat compared to Q1 2021 at 59 million units in Q1 2022. This was driven by strong demand for iPhone 13 series and the early launch of its first 5G-enabled SE Series which, even in a contracting market, helped push Apple’s market share to 18%, up from 17% in Q1 2021. Its quarterly shipment decline of 28% is primarily due to seasonality.
- Xiaomi’s global smartphone shipments declined by 20% YoY to 39 million units in Q1 2022, with its market share falling to 12% from 14% in the same quarter last year. This was caused by the relatively weak performance of the Redmi 9A and 10S smartphones, along with chip shortages that are hurting Xiaomi more severely than other vendors. Xiaomi was also unable to benefit from the Chinese New Year shopping festival, with its share of the world’s biggest smartphone market falling to under 15% (down from over 16% both in the last quarter and in the same quarter of last year).
- OPPO’s* shipments declined by 19% YoY and 9% QoQ to 31 million units in Q1 2022 due to supply-side constraints resulting from the ongoing component shortages. Being offline focused and with few new major recent launches, OPPO’s shipments were affected more acutely during the Omicron wave, especially in its key markets such as India. Consequently, its market share fell to 9% from 11% in Q1 2021.
- vivo also declined by 19% YoY and 3% QoQ with its market share falling to 9% in Q1 2022 down from 10% in the same quarter last year. vivo, like OPPO, has been facing component shortages more severely since the end of last year. There has also been greater competition in the mass market which is a key driver of vivo’s shipment volumes. Therefore, despite performing well in China where it replaced Apple as the top smartphone brand, it saw a decline in global shipments.
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Team Counterpoint
Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.
Team Counterpoint
Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.