In recent years, some major smartphone manufacturers such as LG and Blackberry have left this market. Now the research company announced that in the last 7 years, almost 500 brands have left the smartphone business.
Counterpoint research shows that there will be approximately 250 active brands in the smartphone industry in 2023, which is a significant decrease compared to 700 brands in 2017, and the company stated that the number of global brands in the said market has always been above 30.
Counterpoint Specifically, he mentioned brands such as Micromax, Intex and Karbonn in India, Xtouch and Injoo in the Middle East and Africa, Coolpad, Meizu, Meitu and Gionee in China, NEC and Kyocera in Japan and finally LG in South Korea, which are no longer in the smartphone market. Smart people are not present.