{"id":20362,"date":"2025-02-20T15:08:24","date_gmt":"2025-02-20T14:08:24","guid":{"rendered":"https:\/\/telecomkh.info\/?p=20362"},"modified":"2025-02-20T15:08:24","modified_gmt":"2025-02-20T14:08:24","slug":"global-smartphone-market-soared-7-in-2024-as-vendors-prepare-for-tricky-2025","status":"publish","type":"post","link":"https:\/\/telecomkh.info\/?p=20362","title":{"rendered":"Global smartphone market soared 7% in 2024 as vendors prepare for tricky 2025"},"content":{"rendered":"

According to the latest Canalys research, the global smartphone market grew 7% in 2024, reaching 1.22 billion units, marking a rebound following two consecutive years of declines<\/strong><\/p>\n

Apple defended its pole position on the vendor ranking table for the second year, backed by emerging market growth and stable performances in North America and Europe, which helped offset its challenges in Mainland China. For the full year 2024, iPhone shipments declined by 1% to 225.9 million units. Samsung followed closely in second amid its continued profitability focus, as its shipments also declined by 1% to 222.9 million units. Xiaomi maintained a stronghold on the third spot, being the biggest contributor to the industry\u2019s volume growth in 2024. Driven by strong momentum in Mainland China and continued strategic expansion into emerging markets, its shipments grew by a strong 15% to 168.6 million units. TRANSSION claimed the fourth spot for the very first time while OPPO (including OnePlus) rounded off the top five, growing 15% and 3% to 106.7 million and 103.6 million units, respectively.
\n\u201c2024 has been a comeback year for the smartphone industry, delivering the highest annual global shipment volume post-pandemic,\u201d said Runar Bj\u00f8rhovde, Analyst at Canalys. \u201cDemand has been soaring in the mass-market segment, driven by a refresh cycle of pandemic-bought smartphones alongside channel replenishments. Several vendors have capitalized on this trend, targeting the open-market channel and leading with strong value-for-money-focused products. However, the focus on scaling volume has come with a risk of margin erosion to keep prices competitive. To counter this and manage profitability, vendors have reduced fixed costs and optimized their resource planning. Beyond the emerging markets\u2019 robust growth, mature economies started recovering, exemplified by Mainland China\u2019s growth at 4%, North America at 1% and Europe at 3%. Demand in these regions has been accelerated by high vendor promotions, such as discounts, trade-ins and device bundles, used across the channel.\u201d
\n\u201cApple and Samsung remained resilient amid strong flagship demand, reflecting the continued premiumization trend of the market,\u201d commented Sanyam Chaurasia, Senior Analyst at Canalys. \u201cIn the high-end, consumers are increasingly opting for the premium version of the flagship series, helped by vendors\u2019 clearer differentiating models within their flagship series in an already price-inelastic segment. In Apple\u2019s case, shipments of the 16 Pro and Pro Max in 2024 were 11% higher than the 15 Pro and Pro Max in 2023, reaching over 55 million units. The performance of the Pro models in the 16 series was a key driver to the iPhone 16 outperforming the launch year performance of the iPhone 15. Samsung delivered its strongest S-series volume since 2019, skewed more toward the Ultra than ever before. It aspires to continue the S-series growth with the Galaxy S25, through a continued focus on AI-powered experiences including a complementary Gemini Advanced subscription. Upgrading current users of the mid-range A-series to the standard and plus models will be a key element for Samsung to achieve its ambition.\u201d
\n\u201cVendors are facing a tricky 2025 with mounting complexities both globally and regionally,\u201d added Bj\u00f8rhovde. \u201cEmerging markets have been the industry\u2019s growth engine in 2024, but growth has slowed down as some markets are reaching a point of saturation. Finding the right balance between short-term performance, inventory management and long-term investments will be key for vendors to succeed in these markets. Economic fluctuations, potential US tariffs and compliance requirements add further unpredictability to market dynamics. However, opportunities such as rising premiumization trends, Mainland China\u2019s subsidy scheme and evolving financing models offer vendors growth potential. In 2025, vendors will prioritize ASP and profitability growth across segments while strengthening their market presence through diversified product portfolios, brand-driven marketing, and deeper channel collaborations. The ability to navigate these challenges while capitalizing on emerging opportunities will define the leaders of the next phase of industry evolution.\u201d<\/p>\n

Above, imagen credited to Canalys<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the latest Canalys research, the global smartphone market grew 7% in 2024, reaching 1.22 billion units, marking a rebound following two consecutive years of declines Apple defended its pole position on the vendor ranking table for the second year, backed by emerging market growth and stable performances in North America and Europe, which … <\/p>\n

Continue reading \u00abGlobal smartphone market soared 7% in 2024 as vendors prepare for tricky 2025\u00bb<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":20363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/20362"}],"collection":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20362"}],"version-history":[{"count":1,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/20362\/revisions"}],"predecessor-version":[{"id":20364,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/20362\/revisions\/20364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/media\/20363"}],"wp:attachment":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}