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Africa's Smartphone Market Falls to New Low as Inflation Stifles Demand

Fri, 02 Jun 2023 04:00:00 GMT

Nairobi, June 2, 2023 – Africa's smartphone market declined 3.4% quarter on quarter (QoQ) in Q1 2023 to total 17 million units, the lowest level of shipments since the start of the COVID-19 pandemic in Q1 2020. That's according to the latest figures announced by International Data Corporation (IDC), with the firm's newly released Worldwide Quarterly Mobile Phone Tracker showing that rising inflation and local currency depreciations against the U.S. dollar have negatively impacted demand for smartphones across the continent.

Dell Technologies FY 1Q24 Results: Finding the Bottom in a Choppy Market

Matthew Eastwood — Fri, 02 Jun 2023 04:00:00 GMT

Canadian Consumer Wireless, Internet, and Wireline Voice Services Forecast, 2023–2027

Manish Nargas, Kasturi Rawool — Wed, 31 May 2023 04:00:00 GMT

This IDC study examines consumer wireless voice and data, residential dial-up and high-speed internet, and residential wireline voice services and addresses the current state of these markets in Canada. It provides forecasts for both subscriptions and revenue as well as the key drivers and inhibitors behind the forecast.

"In the face of a series of unforeseen global events resulting in record high inflation last year, the communications market continued to demonstrate remarkable resilience, all the while gradually recovering some lost revenue from previous years," says author Manish Nargas, research manager, IDC Canada's Consumer and Mobile Research. "On the back of high consumer reliance, advancements in network technologies, and more recent market consolidation, IDC expects that the Canadian communications players will double down in their efforts to uncover new opportunities to monetize as they look to win market share."

Future of Connectedness Case Study: Los Angeles Police Department Improves Accountability with Connected Digital In-Car Video System

Paul Hughes — Wed, 31 May 2023 04:00:00 GMT

This IDC Perspective, aligned with IDC's Future of Connectedness Framework, provides a case study of the Los Angeles Police Department and how the organization partnered with Cradlepoint and Axon for in-car wireless connectivity and high-definition (HD) video to improve operational efficiency and officer accountability.

"The Los Angeles Police Department's investment in the department's connected Digital In-Car Video System is an excellent example of a transformative engagement that aligns perfectly with IDC's future of connectedness ideology," commented Paul Hughes, research director, Future of Connectedness research at IDC. "Working with Cradlepoint and Axon, the department has seen significant business and operational benefits from real-time data access, secure cloud-based audio and video data storage for faster retrieval and analysis, and modernized business processes that improve agility and increase transparency across the entire organization."

Indonesia’s Smartphone Market Declined 11.9% YoY in 1Q23 Despite Early Ramadan, IDC Reports

Wed, 31 May 2023 04:00:00 GMT

JAKARTA, May 31, 2023 — Indonesia’s smartphone market faced another slow quarter in 1Q23, as it declined 11.9% year-over-year (YoY) and 7.2% quarter-over-quarter (QoQ), to 7.9 million units according to International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker . The early Ramadan this year gave a slight boost to buying activity near the end of the quarter, but it was not enough to push the market to growth as it remained significantly lower compared to last year.

Market Analysis Perspective: European Enterprise Communications Services, 2023

James Eibisch, Jan Hein Bakkers, Graham Fruin, Melissa Fremeijer-Holtz — Wed, 31 May 2023 04:00:00 GMT

This IDC Market Analysis Perspective (MAP) provides detailed insights into the European enterprise communications services marketplace. It evaluates the current situation and identifies trends among enterprise customers and telcos that are propelling the communications industry toward a digital future.

U.S. Residential Multichannel Pay TV Subscriber Forecast, 2023–2027

Greg Ireland — Wed, 31 May 2023 04:00:00 GMT

This IDC study presents a forecast of residential multichannel pay TV subscribers in the United States through 2027. Forecast segmentation reflects the three major market segments: cable, satellite, and telco TV services.

"IDC believes that the U.S. cable, satellite, and telco TV providers will continue to experience subscriber erosion during the forecast period as household penetration of residential services, which is now already under 50%, is expected to drop under 40% in 2025," said Greg Ireland, research director, Consumer Market Model, Future Consumer Agenda, and TV and OTT Video at IDC. "Cumulative erosion of the subscriber base across cable, satellite, and telco TV during 2023–2027 is forecast to top 20 million."

Weak Consumer Demand Continues to Delay a Recovery for the Smartphone Market, According to IDC Tracker

Wed, 31 May 2023 04:00:00 GMT

According to a new IDC Worldwide Quarterly Mobile Phone Tracker forecast, global shipments of smartphones will decline 3.2% in 2023, totaling 1.17 billion units for the year.

Worldwide Smart TV Market Shares, 2022: Samsung, TCL, and Hisense Lead as Market Declines Year Over Year

Adam Wright — Wed, 31 May 2023 04:00:00 GMT

This IDC study examines the 2022 market shares of the major vendors in the worldwide smart TV market.

"The worldwide smart TV market took a hit in 2022," says Adam Wright, research manager for IDC's Smart Home and Office Devices research program. "Shipment volumes declined in all regions except Canada and the Middle East/Africa. Declines were particularly sharp in central/eastern Europe and the United States as high installed bases coupled with long replacement cycles and macroeconomic headwinds put downward pressure on demand."

Cisco FY 3Q23 Earnings: Record Revenue and Double-Digit Growth Driven by Backlog Drawdown as Uncertain Economic Environment Looms

Rohit Mehra — Tue, 30 May 2023 04:00:00 GMT

On May 17, 2023, Cisco announced earnings for the third quarter of its 2023 fiscal year, which generally coincides with the first quarter of the 2023 calendar year. The company posted record quarterly revenue of $14.6 billion, a 14% year-over-year (y/y) increase. Cisco — along with other vendors in the IT market — continues to ride the coattails of an improving supply chain and component shortage crisis, allowing the company to fulfil previously placed orders and draw down its historically high backlog. Meanwhile, Cisco executives said they're closely watching macroeconomic conditions for shifts in demand as a high inflationary era continues and fears of a global recession caused by unease in the financial sector remain. Some notable metrics from the quarter are: