Smartphone Battery Market Share CY2023: Revenue Decline Exceeds 10% YoY

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The global market for smartphone battery cells recorded more than 10% annual decline in revenues in CY 2023. Revenues fell because of the sluggish market demand and declining cell pricing environment. Amperex Technology Ltd. (ATL) led with 46% revenue share followed by LG Energy Solutions and Samsung SDI. This report includes the global shipments, revenue and ASP of battery cells by vendor by quarter from Q1 2018 to Q4 2023.

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