Samsung Electronics has once again established its dominance in the global smartphone market with the release of its highly-anticipated “Galaxy S24 series.” After two quarters of trailing behind Apple, Samsung has reclaimed its position as the leader in the first quarter of this year.
According to market research firm IDC, Samsung shipped 60.10 million smartphone units in Q1, securing an impressive 20.8% market share. In contrast, Apple shipped 50.10 million units and claimed a market share of 17.3%. These figures highlight a significant shift in the market dynamics compared to the previous quarter, where Apple held a market share of 24.7% and Samsung had 16.3%.
The quarter saw a remarkable 3.5 percentage point difference between Samsung and Apple. This widening gap is almost double the 1.8 percentage points observed in the first quarter of the previous year, where Samsung held 22.5% of the market share and Apple had 20.7%.
The success of Samsung’s Galaxy S24 series can be attributed to its innovative features, such as enhanced communication and translation capabilities. The popularity of Galaxy AI has also played a pivotal role in Samsung’s resurgence. On the other hand, Apple has faced challenges, including a decline in market share primarily due to a sluggish performance in the Chinese market and ongoing antitrust lawsuits filed by the U.S. government.
In terms of year-on-year decline, Apple experienced a substantial 9.6% drop in Q1 smartphone shipments, while Samsung only saw a marginal 0.7% decrease.
Following Samsung and Apple, Chinese manufacturers Xiaomi (14.1%), Transsion (9.9%), and Oppo (8.7%) secure the third, fourth, and fifth positions respectively, further showcasing the ongoing competition in the smartphone market.
Samsung’s resurgence with the Galaxy S24 series highlights the company’s commitment to innovation and its ability to capitalize on consumer demand. As the smartphone market continues to evolve, it remains to be seen how Samsung and Apple will compete in the quarters to come.
Samsung Electronics has once again solidified its dominance in the global smartphone market with the release of its highly-anticipated “Galaxy S24 series.” This achievement comes after trailing behind Apple for two consecutive quarters. In the first quarter of this year, Samsung shipped an impressive 60.10 million smartphone units, securing a market share of 20.8%. In contrast, Apple shipped 50.10 million units and held a market share of 17.3%. This marks a significant shift in the market dynamics compared to the previous quarter.
The gap between Samsung and Apple has widened in this quarter, with a difference of 3.5 percentage points. This is nearly double the 1.8 percentage points observed in the same quarter of the previous year. In that quarter, Samsung held a market share of 22.5%, while Apple had 20.7%. Samsung’s success can be attributed to the innovative features of the Galaxy S24 series, such as enhanced communication and translation capabilities. The popularity of Galaxy AI has also played a crucial role in Samsung’s resurgence.
Meanwhile, Apple has faced challenges, including a decline in market share due to a sluggish performance in the Chinese market and ongoing antitrust lawsuits filed by the U.S. government. In terms of year-on-year decline, Apple experienced a significant 9.6% drop in Q1 smartphone shipments, while Samsung only saw a marginal 0.7% decrease.
Following Samsung and Apple, Chinese manufacturers Xiaomi (14.1%), Transsion (9.9%), and Oppo (8.7%) secure the third, fourth, and fifth positions, respectively. This showcases the ongoing competition in the smartphone market, with both global brands and Chinese manufacturers vying for market share.
Samsung’s resurgence with the Galaxy S24 series highlights the company’s commitment to innovation and its ability to capitalize on consumer demand. As the smartphone market continues to evolve, it remains to be seen how Samsung and Apple will compete in the upcoming quarters.
For more information on the global smartphone market and industry forecasts, you can visit IDC, a leading market research firm that provides valuable insights into various industries, including the smartphone market.
The source of the article is from the blog meltyfan.es