Original Design Manufacturers for top Chinese smartphone makers see drop in shipments in 2022: Report
The HinduSmartphone shipments from Original Design Manufacturers/Independent Design Houses declined 5% YoY in 2022 due to economic pressures and weaker demand from China and Europe. However, the contribution of ODMs toward smartphone shipments has been increasing as was witnessed that the proportion of ODM shipments in Vivo rose rapidly in 2022 after the brand kicked off its cooperation with Huaqin and Longcheer, the report said. Longcheer, Huaqin, and Wingtech, also known as the ‘Big Three’, continued to dominate the competitive landscape of the global smartphone ODM/IDH industry in 2022. In contrast, Wingtech saw only a modest YoY increase in shipments, as it continues to view smartphone ODMs as only one component of its overall ODM business””, Senior Research Analyst Ivan Lam said.