Global Smartphone Market Saw Positive Year-On-Year Growth of 5%, Samsung Holds Lead1 min read
Samsung continues to dominate the global smartphone market, securing its leading position with a record-breaking 57.5 million units shipped in Q3 of 2024. According to recent data from Canalys, a globally acknowledged analyst firm, the global smartphone market saw a positive year-on-year growth of 5%, totaling 309.9 million units in shipments. This records the strongest Q3 performance since 2021, fundamentally driven by increased consumer demand and a wave of new product launches across the industry.
Renowned for delivering high-quality data assessment, Canalys helps industry professionals worldwide chart upcoming trends with precision and authority. Following their assessment, Samsung’s success in Q3 can be attributed to its streamlined and efficient entry-level lineup, designed to offer customers more value at an accessible price point. With an impressive portfolio of Galaxy devices designed to serve a broad audience-base and diverse preferences, Samsung has effectively positioned and sustained their position as the leader.
Much of this can be attributed to Samsung’s integration of artificial intelligence into its devices; the Galaxy AI. Galaxy AI has been instrumental in expanding the possibilities of what a smartphone can do.
Canalys Report link: https://canalys.com/newsroom/worldwide-smartphone-market-Q3-2024
For more updates, follow Markedium.
