Counterpoint: Global smartphone shipments to grow 6% year-on-year in Q1 2024

Counterpoint: Global smartphone shipments to grow 6% year-on-year in Q1 2024

Counterpoint's latest research shows that global smartphone shipments grew 6% year-on-year in the first quarter of 2024. This growth was mainly due to strong performance in key regions such as Europe, the Middle East and Africa (MEA) and the Caribbean and Latin America (CALA).

Global smartphone revenue grew 7% year-over-year in Q1 2024. The $800+ smartphone segment grew the fastest, achieving double-digit growth and accounting for 18% of smartphone shipments in Q1 2024, up 2 percentage points from Q1 2023. Apple led the smartphone market with 43% market share, but its revenue fell 11% year-over-year. Samsung's revenue grew 2% year-over-year, driven by rising average selling prices, while shipments were flat. Among the top five OEMs, Xiaomi had the fastest revenue growth. Revenues in markets outside the top five OEMs also grew significantly, driven by increased revenues from Huawei, Honor, and Transsion brands.

Samsung regained the top spot in global smartphone shipments this quarter, driven by the early update of the Galaxy-A series and the strong performance of the Galaxy S24 series. Samsung also achieved an all-time high average selling price this quarter. Among the largest smartphone brands in China, Xiaomi and vivo achieved growth. While Xiaomi achieved growth in almost all major markets, vivo performed strongly in emerging markets in Asia Pacific, including India. Huawei, Honor and Transsion also achieved growth in this quarter. Huawei achieved huge gains in China, winning market share from leading brands. In addition to its strong market share in China, it also gained reputation in CALA and MEA. Transsion brands TECNO, itel and Infinix performed strongly in Asia Pacific, Eastern Europe, India and MENA. OPPO's shipments declined due to fierce competition in key markets such as China.

<<:  What happens to the body within 168 hours of being infected with the new coronavirus? 6 bad habits that drag down your immunity!

>>:  Luotu Technology: Since April 2024, the online sales of smart door locks using facial recognition and vein recognition technology have increased by more than 160% year-on-year

Recommend

How to increase female hormones

Although we don’t care much about hormonal change...

What is the cause of black menstrual clots?

If women feel uncomfortable during menstruation a...

How to avoid fetal arrest in elderly pregnant women

When women become pregnant after the age of 35, t...

Let you know about MRI

Author: Li Danfei Song Jian Sichuan Academy of Me...

Can I go for the prenatal check-up a few days in advance?

Prenatal check-ups can be done one or two days in...

How long does it take for breast pain to develop after conception?

We all know that pregnant women will have various...

What medicine should a woman take for liver problems?

Women have a bad complexion, are deficient in Qi ...

Ovulation test negative but pregnant

For a woman to successfully conceive, an egg and ...

The most embarrassing thing about a woman's premarital examination

The most embarrassing part of a woman’s premarita...

What to do if the cornea of ​​a pregnant woman is inflamed

Corneal inflammation in pregnant women has a grea...

What are the changes in breasts during early pregnancy?

Many women do not know they are pregnant in the e...

Are there any side effects of breast augmentation surgery?

Nowadays, cosmetic surgery is becoming more and m...