According to research firm IDC, the Philippine smartphone market declined 16.7% quarter over quarter (QoQ) and 11.0% year over year (YoY), shipping 3.5 million units for the first quarter of 2023.
IDC said consumers are prioritizing travel and entertainment over smartphone purchases and uncertainty still lingers, which is dampening consumer sentiment.
2022 ended with shipments of 1.21 billion units, which represents the lowest annual shipment total since 2013 due to significantly dampened consumer demand, inflation, and economic uncertainties.
According to research firm IDC, smartphone shipments in the Philippines declined by 8.0% Quarter-on-Quarter (QoQ) and 6.8% annually, bringing in 3.9 million units in 3Q22.
When it comes to aesthetics, it is undeniable that the vivo V25e looks more expensive than it actually is. This value for design, however, comes with a few tradeoffs: from the mediocre cameras, middling processor performance, and lacklustre display. For P5000 more, performance users should take a look at the standard V25, while content creators should consider the flagship V25 Pro priced at P29,999.
Except for Apple, all the top vendors suffered year-on-year declines. However, while Samsung and Xiaomi registered single-digit declines, vivo and Oppo continued to suffer high double-digit decreases.
Less than a month after formally making a comeback to the Philippine smartphone market with a flagship offering and three midrange devices, Honor Philippines has already followed up with the mid-premium Honor 70 5G, the Honor Pad 8 tablet, and the entry-level Honor X6.
Even without access to the ubiquitous Google marketplace, independent China-based tech company Honor says it remains poised to formalize its return to the Philippine market in last quarter of 2022 with the launch of new smartphone models.