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By Chinenye Anuforo [email protected]
The total global smartphone shipments hit 89.4 million units in the first quarter of 2024, according to International Data Corporation’s (IDC’s) worldwide quarterly mobile phone tracker, representing the 7.8% Year-on-Year jump.
The figures also show that Samsung retook pole position after IDC figures for 2023 showed Apple selling the most handsets. In general, this represents the third consecutive quarter of shipment growth which the report says is a strong indicator that a recovery is well underway, while caveating that the industry is not ‘completely out of the woods’ since macroeconomic challenges remain in many markets.
Group vice president at IDC’s phone tracker, Ryan Reith, said: “As expected, smartphone recovery continues to move forward with market optimism slowly building among the top brands. 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 from 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.”
Research director with IDC’s tracker team, Nabila Popal, 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 (ASPs) 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 decline 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.”
The main takeaway is Samsung’s resurgent position as the top selling manufacturer. IDC figures registered Apple as selling the most phones globally in 2023 despite also being the most expensive – seemingly supporting analysts’ claims elsewhere that that the premium segment is outgrowing the rest of the smartphone market.
In the first six weeks of 2024, stats from Counterpoint showed smartphone sales in China dropped 7% YoY, with Huawei enjoying a 64% sales hike. Apple’s iPhone sales meanwhile dropped 24% in the region.
