Global smartphone shipments climb nearly 8% in 1Q. Samsung retakes the lead

15 Apr at 1:26 pm

25395 posts

Global smartphone shipments rose nearly 8% in the first quarter, according to preliminary data from International Data Corp. It’s the third straight quarter of shipment growth and marks the return of Samsung to No. 1.

Quick Read

Growth in Global Smartphone Shipments: In the first quarter, global smartphone shipments increased by nearly 8%, marking the third consecutive quarter of growth. A total of 289.4 million units were shipped during this period, according to International Data Corp.’s (IDC) Worldwide Quarterly Mobile Phone Tracker.
Samsung Reclaims Leadership: Samsung regained its position as the number one smartphone vendor with 60.1 million units shipped, despite a slight decline of about 0.7% compared to the previous year.
Apple’s Position and Decline: Apple, which had topped the list in the last quarter of 2023, slipped to second place with 50.1 million units shipped, experiencing a significant drop of 9.6% from last year.
Rise of Xiaomi and Transsion: Xiaomi and Transsion, ranking third and fourth respectively, saw substantial growth in their market share, with increases of 34% and 85% year-over-year.
Consumer Trends and Market Dynamics: According to Nabila Popal, research director at IDC’s Worldwide Tracker team, the average selling prices of smartphones are on the rise. This trend is driven by consumers opting for more expensive devices, anticipating longer usage periods before the next upgrade.

The Associated Press has the story:

Global smartphone shipments climb nearly 8% in 1Q. Samsung retakes the lead

Newslooks- (AP)

There were 289.4 million units shipped in the period, according to IDC’s Worldwide Quarterly Mobile Phone Tracker.

FILE – The logo of the Samsung Electronics Co. is seen during a media tour at Samsung Electronics’ headquarters in Suwon, South Korea, June 13, 2023. The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. The funding announced Monday, April 15, 20204, by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. (AP Photo/Lee Jin-man, File)

Claiming the top spot was Samsung, with 60.1 million units shipped in the quarter, down about 0.7% from last year. Apple came in second, with 50.1 million units shipped, down 9.6% from last year. Apple was at the top spot in the last quarter of 2023.

The third and fourth smartphone makers, Xiaomi and Transsion, saw their market share leap 34% and 85% respectively year over year.

Nabila Popal, research director with IDC’s Worldwide Tracker team, said in a statement that average selling prices continue to improve, with consumers buying more expensive devices because they know they’re going to hold onto them longer.