Q3 2023: Transsion: Solid Volume and Revenue Growth
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Transsion beat market with solid volume and revenue growth in Q3 2023. The Chinese vendor solidified its fifth position by volume in global smartphone market and top position in feature phone domain. Its three in-house brands (Tecno, itel, and Infinix) combined posted +39.7% YoY growth by smartphones shipments and +24.3% growth by handset volume. Tecno and infinix are fueling the momentum in smartphone domain, while itel driving the growth in feature phone business. Compared with other vendors, what drove up Transsion’s momentum in recent quarters? What are challenges that the vendor needs to pay special attention to in 2024?
