Transsion Nudged Up the Fifth Largest Smartphone Vendor in Q2 2023
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Global smartphone shipments went down -8% YoY at 269 million units. This is the eighth consecutive quarter of annual decline by smartphone volumes. It is notable that the annual decline rate has slowed down from double digit for the past two quarters in a row to -8% this quarter, indicating the smartphone market would see a mild rebound during second half of 2023, coupled with the normalized inventory level and the upcoming holiday season, as well as the new product launch cycle etc. Transsion entered the top five list for the first time ever.
