Xiaomi ranks as world’s 3rd Top Smartphone Brand

 Xiaomi ranks as world’s 3rd Top Smartphone Brand

In the first quarter of 2024, global smartphone shipments saw a notable increase of 7.8%, reaching a total of 289.4 million units compared to the previous year, according to data from market intelligence firm IDC.

This growth marks the third consecutive quarter of expansion, signaling a recovery for the smartphone market after facing challenges in recent years.

The top five smartphone brands for this quarter are Samsung, leading with a 20.8% market share, followed by Apple (17.3%), Xiaomi (14.1%), Transsion (9.9%), and Oppo (8.7%). Xiaomi’s shipment of 40.8 million units shows a substantial year-on-year increase of 33.8%, while Transsion experienced a remarkable surge with 28.5 million units shipped, reflecting an 84.9% growth compared to the previous year.

However, Oppo observed a decline in shipments, totaling 25.2 million units, representing an 8.5% decrease year-on-year.

Web Desk

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