Tuesday, 16 April 2024 09:17

Samsung takes the lead as global smartphone shipments rise in 1Q24 Featured

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Samsung takes the lead as global smartphone shipments rise in 1Q24 Pixabay

Global smartphone shipments have risen by 7.8% year-on-year in the first three months of 2024 to 289.4 million units, the technology analyst firm IDC says.

Samsung rose to the top among vendors, IDC noted, adding that with this being the third consecutive quarter of growth, it indicated that a recovery in the market was underway.

"As expected, smartphone recovery continues to move forward with market optimism slowly building among the top brands," said Ryan Reith, group vice-president with IDC's Worldwide Mobility and Consumer Device Trackers.

"While Apple managed to capture the top spot at the end of 2023, Samsung successfully reasserted itself as the leading smartphone provider in the first quarter.

"While IDC expects these two companies to maintain their hold on the high end of the market, the resurgence of Huawei in China, as well as notable gains by Xiaomi, Transsion, Oppo/OnePlus, and vivo will likely have both OEMs looking for areas to expand and diversify.

"As the recovery progresses, we're likely to see the top companies gain share as the smaller brands struggle for positioning."

smartphones 1q24

Nabila Popal, research director with IDC's Worldwide Tracker team, added: "The smartphone market is emerging from the turbulence of the last two years both stronger and changed.

"Firstly, we continue to see growth in value and average selling prices as consumers opt for more expensive devices, knowing they will hold onto their devices longer.

"Secondly, there is a shift in power among the top five companies, which will likely continue as market players adjust their strategies in a post-recovery world.

"Xiaomi is coming back strong from the large declines experienced over the past two years and Transsion is becoming a stable presence in the top five with aggressive growth in international markets.

"In contrast, while the top two players both saw negative growth in the first quarter, it seems Samsung is in a stronger position overall than they were in recent quarters."

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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