SMARTPHONE shipments in the Philippines fell 2.1 percent to 4.11 million units in the second quarter of 2023 from 4.2 million units a year ago, according to gadget tracker International Data Corp.
IDC client devices senior market analyst Angela Medel said consumers were still wary of the perceived growth of the economy and remained guarded when buying stuff.
“Though inflation in the Philippines is slowing down and on the mend, consumer appetite for spending remained cautious in the face of higher prices of goods and economic uncertainty, resulting in eight consecutive quarters of annual contraction,” she said.
IDC said despite the slower market in 2023, smartphone transactions were still better off today than the double-digit contractions in the past two quarters. It also represented the least decline in transacted deliveries in the past eight quarters, it said.
Data showed Transsion took a sizeable lead in shipments, accounting for 38 percent of total in the second quarter, retaining its ranking as the top provider of smartphones.