The global smartphone market continues to grow, with Samsung once again leading the way in the first quarter. The South Korean company captured a market share of nearly 21 percent by selling 60.1 million devices, according to the International Data Corporation (IDC). Despite slight declines in sales for both Samsung and Apple, the overall smartphone market saw growth for the third consecutive quarter.
Chinese manufacturers are making significant strides in the market, with Xiaomi experiencing a 33 percent increase in device shipments and landing in third place with 40.8 million units sold. Transsion also saw massive growth of 85 percent, securing the fourth spot with 28.5 million devices sold. While Apple had claimed the top position at the end of 2023, Samsung regained its position as the leading smartphone vendor in the first quarter of this year, as stated by Ryan Reith of IDC.
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Overall, it seems that American and South Korean manufacturers will continue to dominate in premium segment while Chinese competitors focus on increasing sales figures. As technology continues to evolve rapidly, it will be interesting to see how these trends play out over time.
