The double-digit growth in the smartphone market in the early quarters of 2021 came to an end in the third quarter of 2021 as worldwide shipments declined 6.7% year over year.
According to research firm IDC, the Philippines smartphone market grew annually by 26.8%, bringing in 4.2-million unit shipments in the first quarter of 2021.
Transsion, with its three brands: Itel, Infinix, and the recently launched Tecno, upped its game in 2020 and landed at the fourth position in Q4 of 2020.
Much of the growth continues to be driven by mature markets in which trade-in emulates a form of subsidy to push consumers to upgrade, according to research firm IDC.
In total, 353.6 million smartphones were shipped during 3Q20 and while the market declined, the results were stronger than IDC's previous forecast of a 9% year-over-year decline.
Xiaomi Philippines launched the 5G-powered Mi 10T and Mi 10T Pro smartphones along with the brand’s first smartwatch offering and high-capacity charger.
