Canalys Newsroom – Global smartphone market grows 8% in Q4, with Apple the year’s top vendor


According to Canalys’ latest research, worldwide smartphone shipments grew 8% year on year in the fourth quarter of 2023, reaching 320 million units. This ended seven consecutive quarters of decline. Apple led the market in the fourth quarter with a 24% share of shipments, thanks to new iPhone launches. Samsung took second place with 17%. Xiaomi was third, with over 20% year-on-year growth in Q4. TRANSSION rose to fourth place for the first time, benefiting from emerging market recovery. With a 7% market share, vivo completed the top five. For full-year 2023, global smartphone shipments reached 1.1 billion units, a 4% decrease from the previous year. For the first time, Apple pipped Samsung to become the year’s top vendor in terms of shipments, though both rounded to 20% shares. Xiaomi, OPPO and TRANSSION held 13%, 9% and 8% shares, respectively. 

“The market is heading in the right direction, aided by improved holiday season demand,” said Canalys Senior Analyst Toby Zhu. “Products in the mid-to-low-end price range are the growth drivers in this recovery wave, helped by a rebound in demand in emerging markets, such as the Middle East and Africa, Asia Pacific and Latin America. Meanwhile, with inventory pressure and global inflation continuing to ease, vendors can finally focus on product innovation and long-term strategy developments, laying down solid foundations for the year ahead. There have already been plenty of new flagship Android launches taking advantage of the on-device AI trend, from Google Pixel and several Chinese vendors, such as HONOR, OPPO, vivo and Xiaomi.”

“The top two players are eagerly looking for new growth drivers for their smartphone businesses as both suffered market share declines in Q4,” said Canalys Research Manager Amber Liu. “In 2023, Samsung focused on the mid-to-high-end segment for profitability but lost share in the low-end segment and also its leading position in the global market. Its 2024 product launches, especially in the high-end segment with a focus on on-device AI (see Canalys blog: “On-device AI and Samsung’s role in the future smart ecosystem race”), will support its rebound as an innovation leader in 2024.” 

“On the other hand, Apple showed resilience over the past two years, thanks to solid ongoing demand in the high-end segment. The expanded positioning of its iPhone 15 series has pointed to the future direction of Apple’s portfolio strategy to reach a broader range of consumer segments,” said Liu. “But Huawei’s improving strength and looming local competition in mainland China will challenge Apple to sustain its growth trajectory in mainland China while high-end replacement demand in other major markets, such as North America and Europe, is leveling off. Apple must look to new market growth and ecosystem strength to reinvigorate its iPhone business.”   

Worldwide smartphone market share split
Canalys preliminary smartphone market pulse: Q4 2023

Vendor

Q4 2023 market share

Q4 2022 market share

Apple 

24%

25%

Samsung

17%

20%

Xiaomi

13%

11%

TRANSSION

9%

6%

vivo

7%

8%

Others

30%

30%

 

 

 

Preliminary estimates are subject to change on final release
Note: percentages may not add up to 100% due to rounding; OPPO includes OnePlus
Source: Canalys estimates (sell-in shipments), Smartphone Analysis, January 2024

 

 Please contact our analysts for comment on the Samsung Galaxy AI event and additional information on smartphone vendors’ on-device AI strategies. 

For more information regarding this press release, please contact: 
Toby Zhu: toby_zhu@canalys.com 
Amber Liu: amber_liu@canalys.com 

About Smartphone Analysis

Canalys’ worldwide Smartphone Analysis service provides a comprehensive country-level view of shipment estimates far in advance of our competitors. We provide quarterly market share data, timely historical data tracking, detailed analysis of storage, processors, memory, cameras and many other specs. We combine detailed worldwide statistics for all categories with Canalys’ unique data on shipments via tier-one and tier-two channels. The service also provides a unique view of end-user types. At the same time, we deliver regular analysis to give insights into the data, including the assumptions behind our forecast outlooks.

About Canalys

Canalys is an independent analyst company that strives to guide clients on the future of the technology industry and to think beyond the business models of the past. We deliver smart market insights to IT, channel and service provider professionals around the world. We stake our reputation on the quality of our data, our innovative use of technology and our high level of customer service.

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