Publication date: 27 Apr 2023
China's Smartphone Market Fell 11.8% in 1Q23 Despite the Lifting of the Zero-COVID Policy, IDC Reports
SINGAPORE, 27 Apr 2023 – According to the IDC Worldwide Quarterly Mobile Phone Tracker, 65.4 million smartphones shipped in China in 1Q23, down 11.8% year-on-year (YoY). The market continued its double-digit decline since the first quarter of 2022, even though the zero-COVID policy ended in December.
Gloomy consumer confidence continued to constrain the demand for smartphones, while wealthier consumers shifted their spending to areas like leisure and services. On the supply side, more RAM and storage are lengthening replacement cycles.
OPPO climbed to the top spot along with its sub-brand, OnePlus. OPPO’s foldable products, the Find N2 and Find N2 Flip, as well as its flagship Find X6 series helped the brand better shape its high-end image, while OnePlus’s more-than-fourfold YoY growth also supported the vendor’s performance. Apple dropped to the second position, though it launched a rare price discount in February to stimulate the demand for its iPhone 14 Pro and Pro Max.
“As expected, 1Q23 was not a good start as consumers became more budget conscious or shifted to social activities like dining and traveling,” said Will Wong, Senior Research Manager for Client Devices at IDC Asia/Pacific. Wong adds, “Nevertheless, an aggressive pricing strategy is not the sole solution. Introducing products like foldables, which provides value by impressing friends or enhancing social status for some users, will be equally important.”
To know more about the IDC Worldwide Quarterly Mobile Phone Tracker, please contact Will Wong at email@example.com. For media inquiries, please contact Miguel Carreon at firstname.lastname@example.org or Michael de la Cruz at email@example.com.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and online query tools.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
Copy the following code into your site