Connect with us

Trends

Australia smartphone market slides again in Q3 2023

According to International Data Corporation ’s (IDC) Worldwide Quarterly Mobile Phone Tracker, Australia’s smartphone market declined by 9.3% year-on-year (YoY) in 3Q23, shipping 1.81 million units, marking its 4th consecutive quarter of YoY declines. The end-of-financial-year sales provided a slight uplift in July, but consumer demand remained muted due to economic instability.

The average selling price (ASP) increased by 5.1% YoY in 3Q23, reaching US$813. Smartphones priced above US$1000 sustained growth, driven by the recent releases of the Samsung Galaxy Z5 series and Apple iPhone 15 series. New models were launched in the low- to mid-price brands by OPPO and Lenovo in 3Q23 which sold well through the open channels and in the prepaid market. The position of the Top 5 vendors remained relatively unchanged, although HMD and Lenovo switched places again, similar to what happened last quarter.

Yash Gupta, Lead Analyst for Mobile Phone Research at IDC Australia said, “Economic uncertainty is making consumers more cautious with their spending, resulting in restrained demand. Ongoing increases in interest rates, coupled with recent cost-of-living pressures, are expected to further dampen consumer demand in the domestic market.”

IDC

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!