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Market falls -16% year-on-year as inflation limits spending on mobile computing devices in post-pandemic environment
BOSTON–(BUSINESS WIRE)–Average consumers are pulling back on purchases to contend with higher cost of living while hybrid work and digital learning remain strong forces for mobile computing demand. A more competitive tablet market is emerging from this dynamic, as wealthy consumers brush off inflation more easily in the premium segment and an expanded, revitalized group of tablet vendors coming out of the pandemic fight for market share, according to a new report by Strategy Analytics. While the overall market fell -16% in Q3 2022, Samsung and Amazon led top vendors with low single-digit declines credited to their unique strategies in the market.
The full report from Strategy Analytics’ Connected Computing Devices (CCD) service, Preliminary Global Tablet Shipments and Market Share: Q3 2022 Results can be found here: https://www.strategyanalytics.com/access-services/devices/tablets-and-pcs/connected-computing-devices/market-data/report-detail/preliminary-global-tablet-shipments-and-market-share-q3-2022-results-281022
Eric Smith, Director – Connected Computing said, “Samsung got the closest to positive territory this quarter thanks to its diversified Android portfolio spanning the premium tier with the Galaxy Tab S8 series down to lower tiers with the Galaxy Tab A series. Amazon did nearly as well on the growth metric but for completely different reasons; it’s solely focused on lower tiers and derived strength from Prime Day discounts and its refreshed 7-inch model. Both companies have ways of beating inflationary pressures, which will remain a key skill for the next couple of quarters.”
Chirag Upadhyay, Industry Analyst added, “This was a tough comparison quarter for Apple because many new products were launched in September 2021. Unlike the Mac results, there was minimal carry-over demand from last quarter’s supply disruption in iPad. Apple’s diverse portfolio stretching all the way to iPad Pros and iPad Airs running on M1 processors has boosted Apple’s ASP to $483 as users seek to do more on their tablets, including work, school, and play.”
Source: Strategy Analytics, Inc.
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About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com
For more information about Strategy Analytics
Connected Computing Devices: Click here
Contacts
Report contacts:
Chirag Upadhyay, +44 1908 423 643, cupadhyay@strategyanalytics.com
Eric Smith, +1 617 614 0752, esmith@strategyanalytics.com
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