Looking at the research data of Counterpoint over the past three months of 2024, it is evident that the global smartphone market had an outstanding Q3. The amount of phones available for sale as well as the revenue growth increased. Even though the number of shipments slightly increased by 2% in comparison to the previous year, this increase was however complemented with a return in revenue growth of 10%. Consumers also made a 7% wider spending on the average cost of a smartphone.

Samsung retains the title for most mobile units shipped

Samsung remained by far the best-selling smartphone worldwide, ranking first in smartphone shipments. The company sold 90 percent of the total mobile devices and thus sold 1 out of every 5 mobile phones Samsung. With cheap and flagship models to offer customers, the company has a plethora of products to hold a competitive edge in the market.

Apple controls the revenue sector

Apple globalized the divisions, with Samsung being the leader in shipments, whereas Appel took the lead in the revenue side. The statistics indicate a robust demand, given that it was their best ever third quarter. Appel registered a record high in their sales, revenue and average price. The facts also reveal that despite being a luxurious smartphone company, there are people who are ready to spend the amount on Apple’s products.

Xiaomi and OPPO also occupy important places

Xiaomi got the third position in the market while Oppo too grabbed crucial quarters in the recently finished third quarter. Xiaomi in the market comes in third after spending growth that was above the number of phones it managed to sell. While sales in that case assist the manufacturers, oppo grabbed the fourth quarter while still being engaged with the top players in the market

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