Global Smartphone Market Grows 6.5% in Q2 2023, Samsung and Apple Lead the Pack
14 Sources
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Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
July 15 (Reuters) - Global smartphone shipments rose 6.5% in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in some markets. Global shipments grew for the fourth
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Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
Global smartphone shipments rose 6.5% in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in some markets. WHY IT'S IMPORTANT Global shipments grew for the fourth
[3]
Samsung and Apple dominate global smartphone market with 6.5% growth in Q2 2024: IDC
There is a significant amount of excitement in the smartphone industry due to higher average selling prices and the anticipation surrounding next-gen AI smartphones. Samsung secured the top spot with an 18.9 percent share of shipments in the second quarter, followed by Apple with a 15.8 percent
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Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
Global shipments grew for the fourth consecutive quarter, according to the research firm, as smartphone makers look to artificial intelligence to entice price-wary consumers and capture a larger market share. There is "lots of excitement" in the smartphone market, thanks to higher average selling
[5]
Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says - ET Telecom
Devices 1 min read Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says Global shipments grew for the fourth consecutive quarter, according to the research firm, as smartphone makers look to artificial intelligence to entice price-wary consumers and capture a larger market
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Worldwide smartphone shipments grow 6.5 percent YoY in Q2 2024, Samsung retains top spot: IDC
IDC says Gen AI smartphones could be the next growth driver after 5G and foldables. Global smartphone shipments increased 6.5 percent year-on-year to 285.4 million units in the second quarter of 2024, according to data from the International Data Corporation (IDC). Samsung and Apple continue to
[7]
Global smartphone shipments rose 6.5% in Q2, says IDC
Global smartphone shipments increased 6.5% in the second quarter, driven by Apple (NASDAQ:AAPL) and Samsung (OTCPK:SSNLF), preliminary data from research firm IDC showed, but demand remains challenged in many markets. According to IDC, smartphone shipments rose to 285.4 million units in the second
[8]
Global smartphone market grew 6.5% in Q2 led by Samsung and Apple, IDC says
Visitors look at the Samsung Galaxy S24 smartphone during the 2024 World IT Show in Seoul in April this year. AFP Global smartphone shipments rose 6.5% in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday but a full recovery in demand is yet to
[9]
Samsung, Apple Reportedly Dominate Global Smartphone Shipments In Second Quarter Of 2024
Global smartphone shipments surged by 6.5 percent in the second quarter of this year, driven by major players like Samsung Electronics and Apple, according to the latest IDC report released on Monday. Despite this positive trend, the smartphone market still grapples with challenges in fully
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Global smartphone market sees 6.5% growth in Q2 2024: These are the top smartphone brands in the quarter - Times of India
The worldwide smartphone market continues its recovery, with shipments increasing 6.5% year-over-year to 285.4 million units in the second quarter of 2024, according to the latest data from IDC's Worldwide Quarterly Mobile Phone Tracker. This marks the fourth consecutive quarter of growth,
[11]
Global smartphone shipments grow 6.5% in Q2 2024, Xiaomi records highest growth | Business Insider India
Worldwide smartphone shipments continued to grow in Q2 2024, marking the fourth consecutive quarter to record an increase in smartphone shipments. While the top companies have reported growth, the competition has also increased. According to a report by the International Data Corporation (IDC),
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Global Smartphone Shipments See Big Boost After Hitting Low Point in 2023
Nearly all markets saw growth in Q2, with Latin America and Europe leading at 10%, Counterpoint Research says. Samsung remains on top, with Apple coming in second. Smartphone shipments jumped 6% in the second quarter, the largest year-over-year growth they've seen in the last three years. This
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Smartphones sales grow, Xiaomi biting at Apple's heels
Global smartphone sales are continuing to rebound, partly thanks to a "buzz" around high-end devices supporting Gen AI, but mostly due to budget conscious consumers seeking out low-end devices. Market watchers Canalys and IDC have both released shipment stats for calendar Q2, and while their
[14]
Global smartphone sales rise 6.5pc as AI, discounts help demand
ANN/THE STRAITS TIMES - Apple's iPhone shipments stabilised in the June quarter as the wider smartphone market accelerated its growth, according to independent research. Global smartphone shipments rose 6.5 per cent, according to IDC, while sales to consumers jumped six per cent, per Counterpoint
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The global smartphone market shows signs of recovery with a 6.5% year-over-year growth in Q2 2023. Samsung and Apple dominate the market, while Chinese brands face challenges.
Market Growth and Recovery
The global smartphone market has shown signs of recovery, with shipments increasing by 6.5% year-over-year in the second quarter of 2023, according to the International Data Corporation (IDC)
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. This growth marks the first positive quarter since 2021, indicating a potential turnaround in the industry after facing challenges such as component shortages and weakened demand.Market Leaders: Samsung and Apple
Samsung and Apple continue to dominate the smartphone market, collectively accounting for over half of all smartphones shipped during the quarter
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. Samsung maintained its top position with a market share of 22.2%, shipping 53.9 million units. Apple followed closely with a 16.6% market share and 40.2 million units shipped3
.Chinese Brands Face Challenges
While the overall market showed growth, Chinese smartphone brands experienced mixed results. Xiaomi secured the third position with a 13.3% market share, despite facing a slight decline in shipments. OPPO and vivo rounded out the top five, but both companies saw decreased market shares compared to the previous year
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.Regional Performance
The market recovery was not uniform across all regions. Developed markets like North America, Western Europe, and Japan continued to struggle, while emerging markets in Asia/Pacific (excluding Japan and China), the Middle East, and Africa showed strong growth
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.Related Stories
Future Outlook
Despite the positive growth in Q2, analysts remain cautious about the future of the smartphone market. Nabila Popal, research director at IDC, noted that while the 6.5% growth is encouraging, it's essential to consider that this comes after five consecutive quarters of decline
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. The industry still faces challenges, including economic uncertainties and geopolitical tensions, which could impact future growth.Innovation and Consumer Demand
The smartphone market's recovery is partly attributed to pent-up demand and the need for device refreshes. Manufacturers are focusing on innovation to attract consumers, with features like foldable displays and advanced camera systems becoming more prevalent
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. This trend is expected to continue as companies strive to differentiate their products in an increasingly competitive market.References
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