Southeast Asia’s smartphone cargo volumes declined 2% year-over-year (YoY) however elevated 3% quarter (QoQ) in quarter three (Q3) 2023, signaling a restoration within the area’s smartphone demand, experiences Counterpoint Analysis.
The fastest-growing manufacturers had been TECNO, Infinix, and Apple, the analysis group provides. iPhone shipments elevated by 19% YoY through the quarter. Apple continues to be seeing a robust demand for the iPhone 13 and 14 sequence, including to the demand for the newly launched 15 sequence, in response to Counterpoint Senior Analyst Glen Cardoza.
Most key Southeast Asia (SEA) nations like Indonesia, Malaysia, Philippines and Vietnam confirmed a double-digit decline in Q2 2023, however they improved in Q3 2023, hinting a reduction for producers forward of an necessary festive quarter, he. Nevertheless, on an annual degree, Counterpoint foresees a YoY decline of about 8% for the area in 2023.
The analysis group says SEA stays an necessary marketplace for the tech ecosystem as a consequence of its under-penetration in lots of areas, like on-line banking, e-wallet utilization, on-line purchasing and total Web utilization.
