Canalys: Smartphone market keeps growing for a third quarter in a row

Canalys's latest market report shows that the smartphone market reached a third consecutive year-on-year growth in Q2 2024. Shipments were 288 million between April and June, 12% more than last year. Samsung kept the lead in, but its lead over Apple in second is now just 2 percentage points. However it was Xiaomi and Transsion that actually gained the most, the analysts claim. Both OEMs actively promoted their devices in developing markets such as Asia-Pacific, the Middle East, Africa, and Latin America, and easing inflation is helping them push product upgrades. Honor, Oppo,...

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