Apple's Tablet PC Shipments Decline By 17%, But Still Ahead Of Samsung, Lenovo
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

India’s tablet market experienced robust growth in Q4 2023, with a 21% quarter-on-quarter increase, primarily driven by strong demand for 5G and premium devices, as per data released by CyberMedia Research (CMR).

What Happened: The CMR’s Tablet PC Market Report Review for Q4 2023 revealed a 43% YoY increase in 5G tablet shipments, accounting for a significant portion of the market. Wi-Fi tablets also saw a 13% YoY increase, making up 52% of total shipments.

The premium tablet segment, priced between ₹20,000-30,000, saw a remarkable 95% QoQ jump, indicating a clear preference for high-end devices.

See Also: How To Check Alpex Solar IPO Allotment Status

Apple Inc. continued to lead the market with a 25% share, followed by Lenovo at 24% and Samsung at 19%. However, the Cupertino giant has witnessed a significant drop in market share that stood at around 37% in Q4 2022. During the quarter ending December 2023, Apple tablet PC shipments declined by 17% on a year-over-year (YoY) basis.

Despite a 14% YoY decline in overall tablet shipments in CY2023, 5G tablet shipments grew by 48% YoY, indicating a potential shift in consumer preferences towards 5G-enabled devices.

CMR predicts a steady 5-10% growth in the tablet market for 2024, driven by technological advancements, diverse product offerings, and evolving consumer preferences.

Read Next: ChatGPT Maker OpenAI Wants To Make More Inroads In India, Its 2nd Largest Market


Engineered by Benzinga Neuro, Edited by Utkarsh Roshan


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
RestaurantsTechApple