Worldwide shipments of wearable devices grew 2.6% year over year during the third quarter of 2023 (3Q23) and reached an all-time high for the third quarter of 148.4 million units.
The ink tank segment captured yearly growth in countries like Australia, the Philippines, Bangladesh, Indonesia, and India due to the growing acceptance in major verticals, such as healthcare and education, in a predominantly SME driven market.
Worldwide tablet shipments posted a decline of 14.2% year over year in the third quarter of 2023 (3Q23), totaling 33.2 million units, according to preliminary data from research firm IDC.
Worldwide smartphone shipments declined 0.1% year over year to 302.8 million units in the third quarter of 2023 (3Q23), according to research firm IDC.
Though demand and the global economy remain subdued, PC shipments have increased in each of the last two quarters, slowing the rate of annual decline and indicating that the market has moved past the bottom of the trough.
Although the market slightly exceeded expectations by reaching just over 29.9 million units, it still fell short of pre-Covid levels observed in the second quarter of 2019, signaling that recovery remains a work in progress following the surge in volume witnessed from 2020 to 2022.
This growth came at the expense of overall market value as average selling prices (ASPs) fell due to increased competition and discounting by retailers seeking to reduce excess inventory.
The DICT said the Philippines in recent years has been grappling with a notable increase in cybersecurity threats, driven by the ever-evolving digital landscape.
The year-on-year decline in inkjet and laser products can be ascribed to reduced demand from Asia-Pacific customer groups in all segments except small offices and very large businesses.
Transsion, whose brands include Tecno and Inifinix, took a sizeable lead, accounting for 38% of total shipments in 2Q23 and retaining the top spot for two consecutive quarters.
