Vivo records sharpest decline in volumes in Q1 2022: Report

Anurag — Sat, 07 May 2022 09:11:46 +0000

Smartphone shipments have been facing strong headwinds in Q1 2022, but Vivo appears to have taken the hardest blow. According to a report, smartphone shipments of Vivo declined by 31% to 25.4 million units in the first quarter of 2022. This is the sharpest decline the Chinese manufacturer ever faced.

A report by Strategy Analytics reveals that Vivo has witnessed sluggish demand in Q1 2022 and its shipments have in fact fallen by 31%, resulting in the sharpest ever decline for the vendor. It still managed to be in the fifth position globally with an 8% market share.

The smartphone manufacturer saw a huge rise in Shipments in Q1 2021, but the shipments volumes started decreasing by Q2 2021 and the rest is history.

2021 was a banner year for most smartphone brands. They all saw a significant rise in the shipments, but 2022 has been a different story. As per a Canalys report, Worldwide smartphone shipments declined 11% year-on-year in the first quarter of 2022 due to weak economic conditions and poor seasonal demand.

Samsung dominated the market with a 24 percent share, up from 19 percent in Q4 2021 as the vendor overhauled its 2022 offering. Apple came in second, with a strong first quarter thanks to increased demand for its iPhone 13 series.

Xiaomi remained in third place because of the outstanding success of its Redmi Note series. OPPO (includes OnePlus) and Vivo rounded out the top five with 10% and 8% market shares, respectively.

In related news, Global Tablet and Chromebook shipments decreased significantly in Q1 of 2022. Tablet shipments totaled 38.4 million units in the first quarter of 2022, a 3.9 percent decrease year-on-year as demand fell, whereas the Chromebooks witnessed a 61.9% decline in shipments in Q1 of 2022.

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Vivo records sharpest decline in volumes in Q1 2022: Report