The preliminary values for global smartphone shipments for the July-September period are in and Canalys reports a 9% decline compared to last year. A combination of decreased consumer spending and economic uncertainty led the smartphone market to its worst quarterly result since Q3 2014. Samsung retained its leading spot with a 22% market share thanks to big promotions on stock phones which helped reduce built-up inventory. Apple came in second place with an 18% share and the only top-five vendor to experience positive yearly growth. Xiaomi came in third place with a 14% share followed by Oppo with 10% and vivo with 9% respectively. Looking ahead, Canalys analysts predict little signs of improvement for smartphone demand heading into Q4 2022 and H1 2023. . . .
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