Global smartphone market grew by 8% to reach 289 million unit

The global smartphone market grew by 8% YoY to reach 289 million unit shipments in Q2 2024, owing to better consumer demand in Caribbean and Latin America and Europe regions.

Samsung retained the top position globally, accounting for 19% shipment share, driven by Galaxy A-series.

Apple’s shipments registered marginal growth in Q2 2024. Muted demand in North America markets and stiff competition in China were some of the reasons for this marginal growth.

Among the top five OEMs, Xiaomi grew the fastest, registering 27% YoY shipment growth, posting strong performance in China, India and other emerging markets.

Read more – https://www.counterpointresearch.com/insights/global-smartphone-share/

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