Q3 2023: Lenovo-Motorola: Double-Digit Shipment Growth Outperforming Global Smartphone Market
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Lenovo-Motorola’s global smartphone shipments grew 11% YoY in Q3 2023 outperforming the global smartphone market driven by strong performance in its key markets US and Mexico and strong growth in India. India’s Motorola shipments surpassed those of Mexico for third position. Wholesale revenue declined 9% YoY driven by wholesale ASP decline of 18% YoY. Americas continues to hold the major share for the vendor but Asia Pacific, Africa & Middle East. and Western Europe hold a lot of potential.
