News

Samsung returns to top of the smartphone market

By AFP

April 16, 2024 10:18 AM


Representational image

Twitter Share Facebook Share WhatsApp Share

Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday.

South Korea-based Samsung overtook Apple as worldwide smartphone shipments grew nearly 8 percent in the first quarter of this year to 289.4 million, IDC said, citing its preliminary data.

It was the third consecutive quarter of growth in the global smartphone market, signalling that a recovery from a slump in the sector is underway, according to IDC.

IDC Worldwide Mobility and Consumer Device Trackers team vice president Ryan Reith expected top smartphone companies to gain share and small brands to struggle for position as recovery progresses.

Samsung shipped 60.1 million smartphones in the first quarter of this year, claiming nearly 21 percent of the market, according to IDC figures.

Apple shipped 50.1 million iPhones, garnering just over 17 percent of the market in the same period, IDC reported.

Apple smartphone shipments were down 9.6 percent in a quarter-over-quarter comparison, while Samsung shipments slipped less than one percent, according to the market tracker.

Meanwhile, China-based Xiaomi saw shipments grow about 33 percent to 40.8 million and Transsion about 85 percent to 28.5 million, taking third and fourth positions in the overall smartphone market, IDC reported.

"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," Reith said.

IDC expects Samsung and Apple to maintain their hold on the high end of the smartphone market while Chinese competitors seek to expand sales, according to Reith.

Nabila Popal, research director with IDC's Worldwide Tracker team, said: "There is a shift in power among the Top 5 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 5 with aggressive growth in international markets."


AFP


Most Read

  1. Hurray! Summer vacations for Punjab schools announced Hurray! Summer vacations for Punjab schools announced
  2. Resham issued notice for not paying vehicle's tax Resham issued notice for not paying vehicle's tax
  3. Aditi Rao Hydari details her viral 'Gaja Gamini' walk in 'Heeramandi' Aditi Rao Hydari details her viral 'Gaja Gamini' walk in 'Heeramandi'
  4. Ali Zafar’s romantic getaway with wife at Cannes mesmerize many Ali Zafar’s romantic getaway with wife at Cannes mesmerize many
  5. Sarah Ali Khan to tie the knot with a rich guy this year, say rumors Sarah Ali Khan to tie the knot with a rich guy this year, say rumors
  6. Mohammad Shiraz bids tearful GOODBYE to vlogging Mohammad Shiraz bids tearful GOODBYE to vlogging

Opinion

  1. Defiance, sacrifice & national resilience
    Defiance, sacrifice & national resilience

    By Naveed Aman Khan

  2. Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds
    Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds

    By Alysha Khan

  3. Alice Munro, Canada's 'Chekhov'
    Alice Munro, Canada's 'Chekhov'

    By AFP

  4. Pak-Saudi-Iran economic proximity
    Pak-Saudi-Iran economic proximity

    By News Desk

  5. Military Establishment rules out any deal with what it terms a ‘bunch of anarchists’
    Military Establishment rules out any deal with what it terms a ‘bunch of anarchists’

    By Salim Bokhari

  6. 9th May - A year later
    9th May - A year later

    By Mutaza Solangi