Global smartphone market sees rise in Q3
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The smartphone market is one that has seen a rapid rise in growth over the past year, with boosts in the Indian and African market leading to an unprecedented number of unit shipments in the past few quarters. TrendForce has released a report that shows exactly how the market has been growing, and what we should expect from the business side of the industry in the last quarter of the year.
The global smartphone market recorded an impressive 384 million shipments in Q3, a massive 18.4% rise from Q2, and a 6% Year-on-Year growth. Shipment totals for Q4 are expected to come in at 425 million, a 6.3% Year-on-Year growth. Total shipments for 2017 are estimated at 1.46 billion, up 7.4% from the 2016 total.
Chinese smartphone makers account for a significant percentage of global shipments, with an impressive 56% in Q3. Huawei still sits at the top of the Chinese market, with production volumes up 9% from Q2, and an estimated 45 million shipments for Q4. OPPO, Vivo, and Xiaomi come in take their positions down the line, albeit with Xiaomi expected to usurp Vivo in the last quarter of the year.