In Q1 2024, Samsung has regained its place because the world’s largest smartphone producer, surpassing Apple after a year-long hiatus. Apple had taken the lead in 2023, ending Samsung’s 13-year dominance in smartphone gross sales. The resurgence of Samsung might be attributed to the sturdy efficiency of its newest flagship, the Galaxy S24, which has been well-received available in the market, notably for its progressive Galaxy AI options.
In response to preliminary figures from IDC, Samsung shipped 60.1 million smartphones within the first quarter of 2024, capturing a market share of 20.8%. Though this determine is barely decrease than the year-ago quarter, it nonetheless surpassed Apple’s Q1 2024 shipments of fifty.1 million models, securing Samsung’s lead as soon as once more.
Galaxy S24 lineup announcement. The gadgets had been very effectively obtained because of the brand new AI options.
The success of the Galaxy S24 sequence has been evident, with studies indicating vital gross sales development in key markets such because the US and Europe. Gross sales have surged by 14% within the US and a outstanding 28% within the UK, Germany, and France, in comparison with the earlier mannequin, the Galaxy S23.
In the meantime, Xiaomi has additionally seen substantial development, with a 33.8% enhance in gross sales, delivery 40.8 million smartphones and securing the third place with an 11.4% market share. Xiaomi’s success might be attributed to sturdy shopper curiosity in its Xiaomi 14 sequence, notably in Chinese language and European markets.
Moreover, Transsion (the mother or father firm of manufacturers like Techno, Itel, and Infinix), skilled vital development, with gross sales hovering by 84.9% to twenty-eight.5 million models.
General, the worldwide smartphone market witnessed a 7.8% year-on-year enhance in shipments, reaching 289.4 million models in Q1 2024. This marks the third consecutive quarter of development, indicating a restoration from the post-pandemic slowdown.
Though Apple’s iPhone gross sales decline in China could hinder its probabilities of reclaiming the highest spot from Samsung within the close to future, Samsung faces formidable competitors from Xiaomi and Huawei, each of which have seen speedy development in latest months.
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