Demand for premium telephones on the rise
The report additionally highlights that the worldwide smartphone market is recording destructive development. As per Omdia, that is primarily as a result of the “the mid- to low-end market shrinks on account of financial recession and the enlargement of the used smartphone market.”
The premium smartphone market, then again, is steadily growing as a result of alternative demand for Apple’s premium fashions stays strong. “As well as, because the desire for Apple will increase as a premium smartphone, particularly inside rising markets, the gross sales quantity and proportion of high-end fashions reminiscent of Professional and Max proceed to extend amongst Apple’s iPhone sequence,” notes the report.
The forecast for subsequent 12 months can also be not too good for the smartphone market. “The droop within the mid- to low-end market is predicted to proceed into the second half of this 12 months, and the growing portion of the premium market is predicted to proceed within the second half of this 12 months with the launch of the brand new iPhone 15 sequence,” mentioned Jusy Hong, senior analysis supervisor, Omdia.
Hong mentioned that Apple will see an analogous pattern for iPhones. “Apple’s shipments of Professional and Professional Max will enhance on account of strong demand for premium fashions, however general iPhone shipments this 12 months will probably be much like final 12 months or lower barely on account of weak demand for normal and plus fashions.”