Global smartphone shipments dropped by 11% year-on-year in the second quarter of 2023, with Samsung maintaining its leading position with a 21% market share, according to a report by analyst firm Canalys released on Tuesday. Apple took second place with a 17% market share, while Xiaomi secured third place with a 13% market share as its sub-brand Redmi launched new devices during the period. Oppo (including OnePlus) performed strongly in the Asia-Pacific market, ranking fourth with a 10% market share. Vivo held on to fifth place with an 8% market share following the launch of its new Y-series. Although global sales declined for the last six consecutive quarters, there were early signals of recovery including an increase in component orders, and continued investments in manufacturing, said an analyst at Canalys. [Canalys]
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