European Smartphone Shipments Hit Lowest Levels Since 2012 with a 12% Decline in Q2 2023

European Smartphone Shipments Hit Lowest Levels Since 2012 with a 12% Decline in Q2 2023

According to the latest insights from market analysts at Counterpoint Research, European smartphone shipments have reached a new low. In their recent report, the Market Monitor Service, the research firm reveals a significant 12% year-on-year decline in smartphone shipments in the second quarter of 2023. This marks the lowest quarterly shipment volume recorded since the first quarter of 2012.

The decline in smartphone shipments has been more pronounced in Western Europe, where a 14% drop was observed. In contrast, Eastern Europe, already facing challenges, experienced an 8% decrease.