Colombia’s Q1 2023 smartphone shipments fell 9% YoY, but Apple’s iPhone showed remarkable resiliency with a 60% YoY increase in shipment volume, doubling iPhone’s share of the country’s smartphone market from 3% to 6%. iPhone 14 Andres Silva for Counterpoint Research: Colombia’s Q1 2023 smartphone shipments fell 9% YoY. Its worst quarterly volume since Q1 2020, according to the latest report from Counterpoint Research’s Market Monitor service. The country’s quarterly shipments were hurt by weakened demand resulting from rising inflation and political uncertainties. Overall, smartphone shipments in the LATAM region are on the decline, falling 9% YoY in Q1 2023. Commenting on the market trend, Principal Analyst Tina Lu said, “The ongoing market concentration shows which brands are better positioned,…

Economic factors contributed to low smartphone shipments in Southeast Asia as consumers spent less money, but iPhone shipments saw growth.Apple emerges as a standout in declining smartphone marketsDue to diminished demand and a seasonal decrease, smartphone shipments in Indonesia, Thailand, Philippines, Vietnam, and Malaysia registered a year-over-year decline of 13%, according to Counterpoint Research. Apple was the only one among the top six companies to increase shipments. Read more...

Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years, falling short of forecasts.Foxconn posts profit lossDuring the January-March quarter, Foxconn disclosed a decline in net profit to T$12.8 billion from T$29.45 billion in the corresponding period last year, which was significantly below the average projection of T$29.18 billion in profit by analysts, according to Reuters. Read more...

Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years, falling short of forecasts.Foxconn posts profit lossDuring the January-March quarter, Foxconn disclosed a decline in net profit to T$12.8 billion from T$29.45 billion in the corresponding period last year, which was significantly below the average projection of T$29.18 billion in profit by analysts, according to Reuters. Read more...

Apple assembler Hon Hai Precision Industry Co., known as Foxconn, reported its third consecutive quarterly profit miss, after the company succumbed to a persistently weak Android phone market. The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Bloomberg News: The company known as Foxconn, which makes most of Apple’s signature devices, reported net income of NT$12.8 billion ($417 million) for the first three months. That compared with the NT$29.8 billion average analysts’ estimate. Revenue rose almost 3% for the period, based on monthly sales figures. Stronger-than-expected iPhone sales during the March quarter failed to completely offset weakness in overall Android phone-making. Foxconn and…

Apple’s indomitable iPhone increased its U.S smartphone market share to 53% in Q1 2023 from 49% in Q1 2022, according to Counterpoint Technology Market Research. Apple’s iPhone 14 and iPhone 14 Plus Matthew Orf for Counterpoint Technology Market Research: Smartphone shipments in the US declined 17% YoY in Q1 2023 as OEMs corrected high channel inventory and as consumer demand declined due to macroeconomic pressures. The market witnessed a dip in shipments across all major OEMs after registering a strong first quarter last year. However, Apple managed to increase its market share despite a YoY drop in its shipments. Associate Research Director Hanish Bhatia noted… “at a broader level, Android-to-iOS migration driven by young and first-time smartphone users continues to…