World smartphone shipments grew 5 % year-over-year (YoY) within the third quarter (Q3) of 2024, in accordance with a report by a market analysis agency. Samsung maintained its place as the unique tools producer with the very best proportion of models shipped, whereas Apple and Xiaomi held onto their rankings from the final quarter. Nonetheless, all three of them registered marginal drops available in the market share. The evaluation suggests Vivo additionally recorded a optimistic end to the quarter.
World Smartphone Shipments in Q3 2024
A report by market evaluation agency Canalys reveals Samsung recorded an 18 % share in smartphone shipments in Q3 2024, serving to it obtain the highest spot. The South Korean know-how conglomerate misplaced a 3 % market share YoY. The identical goes for Apple, which registered a 17 % market share on this quarter, in comparison with its 18 % share identical time final yr. The iPhone maker completed the quarter with the second most shipments.
As per Canalys, that is Apple’s third-highest quarter quantity thus far. Some contributing components to the general development of the Cupertino-based tech large embody sturdy demand for the iPhone 15 collection and former fashions. The evaluation emphasised a market shift in the direction of premium units, particularly in Apple’s strong-hold areas like Europe and North America. It’s recommended that Apple’s newest smartphone lineup — the iPhone 16 collection — could not solely assist it to a powerful end in This fall 2024 but in addition carry the second within the first half (H1) of 2025.
In the meantime, Xiaomi and Oppo grabbed the third and fourth spots on the listing with 14 and 9 % market shares, respectively. The latter was helped by its sturdy efficiency in Indian and Latin American markets, as per the evaluation. Vivo recorded double-digit development in shipments and rounded up the highest 5, ending with a 9 % market share.
Canalys stories that whereas the general market situations are enhancing, the demand for units stays fragile. This is because of international challenges together with demand technology and regulatory hurdles.