Tag: emerging markets

Global Smartphone Market Sees Strong Recovery in 2024
Tech News

Global Smartphone Market Sees Strong Recovery in 2024

The global smartphone market saw a rebound in 2024, with Apple leading shipments, marking the first significant growth after two years of decline, according to Canalys research. The report revealed a 7% year-on-year increase in global smartphone shipments, reaching 1.2 billion units. Apple secured the top position for the second consecutive year, shipping 225.9 million iPhones. Strong sales in North America and Europe, along with expansion into new markets, helped offset declining sales in China. Samsung ranked second with 222.9 million shipments, while Xiaomi secured third place with a 15% increase to 168.6 million units. Transsion climbed to fourth place for the first time, also seeing a 15% growth, while Oppo rounded out the top five with a 3% increase. Emerging Trends Apple and...