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World smartphone shipments are up by 11% in Q1 of 2024 as per the newest Canalys report. Client demand has picked up momentum due to the extra favorable financial local weather.
Samsung regained the highest spot with an estimated 20% market share backed by robust demand for the Galaxy S24 sequence and its Galaxy AI. Apple got here in second with a 16% share of the market with lower than stellar demand for its iPhone following a powerful This fall the place Cupertino topped the charts. Xiaomi rounded off the top-three podium with a 14% share of the market due to stable demand for its Redmi sequence within the entry-level section.
Transsion Holdings which owns the Tecno, Infinix, and itel manufacturers made the most important leap and now stands at fourth place with an estimated 10% of world smartphone shipments. Oppo got here in fifth place with 8% of the worldwide smartphone market.
Wanting forward, Canalys expects distributors to discover their choices in rising areas together with Latin America and Southeast Asia with rising demand for smartphones and high-end gadgets.
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