In the first quarter of 2024, Apple experienced a significant decline in global iPhone shipments, while Chinese competitors, Xiaomi and Transsion, saw impressive growth, according to a report by the International Data Corporation (IDC). Apple shipped 50.1 million units during this period, a decrease of 9.6% compared to the previous year. This decline marks the sharpest year-on-year drop among the top five smartphone brands.
Samsung, on the other hand, regained the top position in the smartphone market for the first quarter, surpassing Apple, with a market share of 20.8%. Samsung’s shipments remained consistent with the previous year, reaching 60.1 million units. Apple’s market share dwindled to 17.3% from 20.7% in the previous year.
IDC also highlighted the notable gains made by other Chinese smartphone manufacturers. Xiaomi recorded a 33.8% increase in shipments, totaling 40.8 million units. Transsion, known for its Tecno, Itel, and Infinix brands, saw an impressive 84.9% rise in shipments, reaching 28.5 million units. These developments indicate the strength of Chinese brands in both domestic and international markets.
While Apple and Samsung are expected to continue dominating the high-end smartphone market, IDC predicts that Huawei’s resurgence in China, as well as the growth of Xiaomi, Transsion, OPPO/OnePlus, and vivo, will push all manufacturers to seek opportunities for expansion and diversification.
It’s worth noting that OPPO experienced an 8.5% decline in shipments during the first quarter, with 25.2 million units shipped. In terms of market share, Xiaomi secured the third spot with 14.1%, followed by Transsion with 9.9%, and OPPO with 8.7%.
Overall, the IDC report reveals a positive trend in the smartphone market, with a 7.8% increase in shipments globally compared to the previous year. Despite macroeconomic challenges, this growth indicates a strong recovery in the smartphone industry. However, Apple will need to address the increasing competition from Chinese brands to maintain its market position.
In addition to the decline in global iPhone shipments for Apple, the smartphone industry as a whole is experiencing significant growth and competition. According to a report by the International Data Corporation (IDC), the smartphone market saw a 7.8% increase in shipments globally compared to the previous year.
Chinese competitors, such as Xiaomi and Transsion, have seen impressive growth during this period. Xiaomi, in particular, recorded a 33.8% increase in shipments, totaling 40.8 million units. Transsion also saw a remarkable 84.9% rise in shipments, reaching 28.5 million units. These gains highlight the strength of Chinese brands in both domestic and international markets.
Despite the decline in shipments, Apple and Samsung remain dominant players in the high-end smartphone market. However, IDC predicts that the resurgence of Huawei in China and the growth of other Chinese brands like Xiaomi, Transsion, OPPO/OnePlus, and vivo will force all manufacturers to seek opportunities for expansion and diversification.
It’s worth noting that OPPO, another Chinese smartphone manufacturer, experienced an 8.5% decline in shipments during the first quarter, with 25.2 million units shipped. Xiaomi secured the third spot in terms of market share with 14.1%, followed by Transsion with 9.9%, and OPPO with 8.7%.
Looking ahead, the smartphone industry is expected to continue growing, presenting opportunities for manufacturers to capitalize on. The IDC report indicates a positive trend for the industry, with the 7.8% increase in shipments signaling a strong recovery. However, Apple will need to address the increasing competition from Chinese brands to maintain its market position.
For more information on the smartphone industry and market forecasts, you can visit IDC’s official website.
The source of the article is from the blog bitperfect.pe