Source:https://www.scmp.com/tech/tech-trends/article/3270505/global-smartphone-market-recovers-samsung-apple-ahead-chinese-brands-xiaomi-vivo-and-oppo
TechTech Trends

Global smartphone market recovers with Samsung, Apple ahead of Chinese brands Xiaomi, Vivo

  • In China, the resurgence of Huawei and consumer demand during the midyear 618 shopping festival contributed to growth, Counterpoint Research noted

Wency Chenin Shanghai
A woman walks past a Samsung Electronics store in Seoul, South Korea, June 28, 2024. Photo: Bloomberg

The global smartphone market grew by 6 per cent year on year in the second quarter, with Apple and Samsung Electronics occupying the top two spots, followed by Chinese brands Xiaomi, Vivo and Oppo, according to a Counterpoint Research report released on Monday.

This marks the best year-on-year growth since the second quarter of 2021, with sales rising across all regions, especially in the European and Latin American markets. In China, the resurgence of Huawei Technologies and consumer demand during the midyear 618 shopping festival contributed to the growth, Counterpoint noted.

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