Research organization CounterPoint announced smartphone market data for the first quarter of 2024. The report included the market shares, revenues and average prices of the brands. In the last quarter of 2023, the market leader was Apple. According to the new report, in the first quarter of 2024 smartphone market leader who died? Here are the details…
Who is the Smartphone Market Leader in the First Quarter of 2024?
CounterPoint research company published the first quarter data of 2024 regarding the smartphone market. Accordingly, Samsung took the leadership seat in smartphone sales. It pushed its arch-rival Apple to second place. 2023 – 2024 According to the smartphone market report, the market size increased by 6 percent.
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The fierce competition in the smartphone market causes the market to grow. The smartphone market continues to grow day by day, with phones produced by the most preferred brands for all levels, different models coming every year, devices developed in different designs, and smaller brands that see the power of the market and want to join the competition. globally smartphone market grew by 6 percent compared to last year has also been recorded.
Which is the Most Preferred Brand?
According to Counterpoint data, in the first three months of 2024 Samsung 20 percent shipment with the rate most preferred brand happened. Apple’s share was at 17 percent. In the last quarter of 2023, Apple’s shipment rate was higher than Samsung. In the first three months of 2024, Xiaomi followed Apple with 14 percent, while Oppo ranked fourth with 8 percent and Vivo ranked fifth.
Average selling price In terms of price, the top was Apple with $900. The average price of the brand in the previous quarter was 880 dollars. As can be seen from the average sales price, it can be said that Apple made a magnificent profit. Samsung’s average price is $336 remained at the level. We can say that Apple has almost tripled Samsung in terms of average price.
What Are the Average Prices of Brands in the Smartphone Market?
According to the report for the first quarter of 2024 Oppo average price is $257, Vivo remained at $211 and Xiaomi at $159. The global average price of the smartphone market was at 370 dollars.
As can be seen from the data in the Counterpoint report, the leader in revenue share for the first three months of 2024 is Apple. Having a 50 percent share in terms of revenue in the first quarter of 2023 Apple, 41 percent in the first quarter of this year He is satisfied with the part. If we look at other brands Samsung’s share is 18 percentXiaomi and Oppo have a 6 percent revenue share, and Vivo has a 4 percent revenue share.