Canalys Smartphone Market Report: Europe Decline for 10th Straight Quarter Amidst Economic Headwinds

Per the latest Canalys report, Europe’s smartphone market shrank 6% year-over-year in Q3 2023, marking the 10th consecutive quarter of negative shipment growth as macroeconomic factors continue plaguing demand. Vendors shipped a total of 32 million phones, extending the downturn despite new flagship releases.

Samsung Maintains Lead But Sees 6% Annual Drop

Samsung retained its commanding market leader position in Europe with 11.5 million units shipped, though still suffered a 6% decline versus Q3 2022, accounted for over 35% volume share on the continent. Its dominance comes thanks to economies of scale, manufacturing output, and channel reach. But Samsung couldn’t overcome depressed consumer sentiment amid inflation and energy concerns, premium foldables (Galaxy Z Fold 5 and Flip 5) and new Galaxy S23 devices resonated best in Central and Eastern Europe where purchasing power proves higher.

Galaxy-z-fold-5

Apple Takes Second Place But Falls 13% Yearly

Apple secured second position in Europe after shipping an estimated 7.1 million iPhones. However that reflected a double-digit 13% downtick compared to the year-ago quarter, newly launched iPhone 15 series sparked initial enthusiasm especially within the higher disposable income customer segment. But broader economic angst still hindered demand for Apple’s pricy smartphones. Uptake for the Pro models proved strongest in the UK, France, and Germany where iOS loyalty persists.

Apple-iPhone-15-Pro

Xiaomi Stabilizes in Third as Redmi Phones Sell

With 6.2 million phones distributed across Europe, Chinese value player Xiaomi captured 19% share to rank third while staying flat year-over-year. By catering to budget-conscious shoppers amid financial volatility, Xiaomi avoided further declines akin to the top two players.

Upstart Motorola, impressively grew 30% annually to ship 1.7 million smartphones in Europe last quarter. As the only vendor with positive growth, Motorola closed in on a top three position. Meanwhile TCL rounded out the top five, shipping 800,000 phones amounting to 2% share.

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