Smartphone production drastically decreased; experts are warning

Production of smartphones worldwide decreased in the third quarter of this year, from July to September. In the third quarter, major brands produced 289 million smartphones, down from 307 million in the second quarter. As a result, quarterly growth has decreased by 0.9% and year-over-year growth has increased by 11%. The latest research on the global smartphone market by Trendforce is the basis for the report. 

Smartphone production drastically decreased; experts are warning

Trendforce says that cell phone creation displayed incredibly powerless interest. This is because businesses put inventory ahead of introducing new gadgets. Due to difficulties with the global economy, brands also lowered their production targets. With a 22.2 percent share and 64.2 million units, Samsung dominated the smartphone production market, according to the report. With a 17.6 percent share and 50.8 million devices produced, Apple ranks second on the list. With a 13.1% share, Xiaomi takes third place, alongside the company's sub-brands Redmi, POCO, and Black Shark. With an 11.6% share, OPPO, Realme, and OnePlus are in fourth place. With an 8.5% share of the smartphone production market, Vivo completes the top five.

Trendforce also projects outcomes for the fourth quarter of 2022, which runs from October to December. As the tech giant with its headquarters in Cupertino is said to increase production of iPhones in time for the holiday season, Apple will have a 24.6 percent share of the market. It is said that the iPhone is the fourth new smartphone released from the factory. In the meantime, Samsung will fall to second place as it reportedly reduces production in order to promote devices that are already in production. In addition, the report states that device production by Chinese brands will experience mostly flat growth in the fourth quarter. The businesses are also getting ready for a time when they won't have access to US technology like Vivo's ISP, Xiaomi's in-house charging chip, and OPPO's MariSilicon X NPU.