In the first three months of 2024, global smartphone shipments increased by 7.8%, totaling 289.4 million units, compared to the same period last year.
According to a report from market research firm IDC, the smartphone market has grown for the third consecutive quarter, indicating a recovery after a difficult period.
Top 5 Smartphone Brands
This quarter’s top five smartphone brands were Samsung, Apple, Xiaomi, Transsion, and Oppo. Samsung led the market with a 20.8% share, followed by Apple at 17.3%. Xiaomi held a 14.1% stake, while Transsion and Oppo had 9.9% and 8.7%, respectively.
Xiaomi saw a significant increase in shipments, with 40.8 million units shipped, up 33.8% from the previous year. Transsion also experienced a significant surge, shipping 28.5 million units, up 84.9% from the previous year.
Oppo, on the other hand, saw a decrease in shipments, shipping only 25.2 million units. This represents an 8.5% decrease from the same period last year.
Despite Oppo’s decline, overall market growth indicates that the smartphone industry is on the verge of recovery.
To read our blog on “Huawei noticed its fastest growth in four years in 2023,” click here
