The global smartphone market is showing signs of recovery in 2024 after two consecutive years of decline. According to Counterpoint’s latest report, smartphone sales increased by 4% year-over-year, rebounding from the lowest sales levels recorded in a decade during 2023.
This positive growth marks a turning point for the industry, driven by strong demand for flagship devices and new innovations. Samsung, Apple, and Xiaomi retained their positions as the top three brands globally, with Xiaomi recording the fastest growth among the leading companies.
Key Brand Performances in 2024:
• Samsung: Samsung remains the market leader in 2024, thanks to the success of its Galaxy S24 series and mid-range A-series devices. The S24 series, positioned as the first AI-driven smartphone lineup, has received strong consumer demand, particularly in Western Europe and the United States.
• Apple: Apple secures the second spot with an 18% market share. While the iPhone 16 series received mixed reviews, Apple saw significant growth in non-core markets, including Latin America, Africa, and the Asia-Pacific region.
• Xiaomi: Ranking third, Xiaomi experienced the fastest growth among the top five brands. This growth is attributed to its streamlined product lineup, focus on high-end devices, and aggressive market expansion strategies.
• OPPO: Despite a slight decline in overall sales, OPPO maintained its fourth position. Its market performance rebounded towards the end of the year, signaling a recovery.
• vivo: vivo holds the fifth spot, driven by its strong presence in India and China, where it ended the year as the leading brand in these regions.
Emerging Competitors:
While the top five brands retained their rankings from 2023, emerging players like Huawei, Honor, and Motorola are rapidly gaining ground. These brands are becoming the fastest-growing competitors among the top ten, signaling a shift in the competitive landscape.
Generative AI: The New Frontier in Smartphones
2024 also marks the debut of generative AI technology in smartphones, positioning it as a potential game-changer. While generative AI features are currently limited to high-end models, the technology is expected to trickle down to mid-range devices. By 2028, it is estimated that 90% of smartphones priced above $250 will support generative AI capabilities.
This innovation could revolutionize user experiences, offering advanced functionalities such as real-time content generation, personalized recommendations, and smarter AI assistants. Brands are leveraging these features to differentiate their offerings and capture a larger market share.
Conclusion
The global smartphone market’s recovery in 2024 is a promising sign for the industry, driven by technological advancements and strategic market expansion by leading brands. With innovations like generative AI on the horizon, the industry is poised for further transformation in the coming years.
Design: Functional Elegance RedefinedIntroduction What defines a true “Ultra” smartphone? For Xiaomi, the answer is clear—an industry-leading mobile photography experience. Since partnering with Leica, Xiaomi has consistently pushed the boundaries of smartphone imaging, and the latest Xiaomi 15 Ultra is no exception. With unmatched camera performance, the Xiaomi 15 Ultra sets a new benchmark in …
Apple’s upcoming lightweight smartphone, the iPhone 17 Air, has recently been the subject of extensive leaks. According to the latest reports, this ultra-thin device will measure just 5.5mm in thickness and offer impressive specifications, including a 6.6-inch OLED display and a single 48MP rear camera. Ultra-Thin Design & Advanced Display The iPhone 17 Air will …
The 2024 Q4 smartphone market share in China reveals significant changes in rankings, with Huawei and Xiaomi emerging as the key players. According to market research data, Huawei, Xiaomi, and Apple claimed the top three spots for new device activations during the quarter. However, Apple witnessed a significant decline of 17.3% in activations compared to …
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Counterpoint: Global Smartphone Market Rebounds in 2024, Samsung, Apple, and Xiaomi Lead the Market
The global smartphone market is showing signs of recovery in 2024 after two consecutive years of decline. According to Counterpoint’s latest report, smartphone sales increased by 4% year-over-year, rebounding from the lowest sales levels recorded in a decade during 2023.
This positive growth marks a turning point for the industry, driven by strong demand for flagship devices and new innovations. Samsung, Apple, and Xiaomi retained their positions as the top three brands globally, with Xiaomi recording the fastest growth among the leading companies.
Key Brand Performances in 2024:
• Samsung: Samsung remains the market leader in 2024, thanks to the success of its Galaxy S24 series and mid-range A-series devices. The S24 series, positioned as the first AI-driven smartphone lineup, has received strong consumer demand, particularly in Western Europe and the United States.
• Apple: Apple secures the second spot with an 18% market share. While the iPhone 16 series received mixed reviews, Apple saw significant growth in non-core markets, including Latin America, Africa, and the Asia-Pacific region.
• Xiaomi: Ranking third, Xiaomi experienced the fastest growth among the top five brands. This growth is attributed to its streamlined product lineup, focus on high-end devices, and aggressive market expansion strategies.
• OPPO: Despite a slight decline in overall sales, OPPO maintained its fourth position. Its market performance rebounded towards the end of the year, signaling a recovery.
• vivo: vivo holds the fifth spot, driven by its strong presence in India and China, where it ended the year as the leading brand in these regions.
Emerging Competitors:
While the top five brands retained their rankings from 2023, emerging players like Huawei, Honor, and Motorola are rapidly gaining ground. These brands are becoming the fastest-growing competitors among the top ten, signaling a shift in the competitive landscape.
Generative AI: The New Frontier in Smartphones
2024 also marks the debut of generative AI technology in smartphones, positioning it as a potential game-changer. While generative AI features are currently limited to high-end models, the technology is expected to trickle down to mid-range devices. By 2028, it is estimated that 90% of smartphones priced above $250 will support generative AI capabilities.
This innovation could revolutionize user experiences, offering advanced functionalities such as real-time content generation, personalized recommendations, and smarter AI assistants. Brands are leveraging these features to differentiate their offerings and capture a larger market share.
Conclusion
The global smartphone market’s recovery in 2024 is a promising sign for the industry, driven by technological advancements and strategic market expansion by leading brands. With innovations like generative AI on the horizon, the industry is poised for further transformation in the coming years.
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