Overview:
This report from Counterpoint’s Market Monitor service highlights the regional revenues and ASPs for 42 brands in the smartphone segment. These 42 brands together capture close to 95% of the total market by revenues.
Summary:
- Global smartphone market wholesale revenue grew 5% YoY to clock a little above $107 billion in Q1 2024.
- The top five smartphone brands contributed around 81% of the total revenue.
- Among regions, China led the market, although with a sequentially growing revenue share which crossed 29% in Q1 2024.
- The smartphone revenue share of Latin America grew by 25%, making it the fastest growing region by revenue on YoY.
Published Date: May 2024