In Q1 2024, Indonesia's smartphone market saw a 4% YoY growth, with vivo leading the market with a 19% share. Xiaomi took second place with a 55% YoY growth. The $200-$399 price band saw a 37% increase in shipments, driven by Samsung. 5G smartphone shipments grew 77% YoY in the same period.

Source: https://www.counterpointresearch.com/insights/

US smartphone shipments decreased by 8% year-over-year in Q1 2024, marking the sixth consecutive quarter of decline. Samsung's market share grew to 31%, its highest Q1 share since 2020, while Apple's market share remained flat at 52%. Carriers pushed for deeper 5G smartphone penetration, leading to a decline in low-end shipments.

Source: https://www.counterpointresearch.com/insights/

GlobalFoundries' revenue fell 16% YoY in Q1 2024 to $1.5 billion, due to weak demand in Communications Infrastructure and Data Centre, and lower-end Consumer and Home Electronics. The company targets diversifying its manufacturing capacity to automotive and premium smart mobile applications, expecting growth in these segments in 2024.

Source: https://www.counterpointresearch.com/insights/

vivo led the Indian smartphone market by volume in Q1, while Samsung topped the market by value. Samsung's average selling price reached its highest ever in India. The premium segment accounted for 20% of the market volume and 51% of the value. 5G smartphone shipments reached 71% of the total volume.

Source: https://www.counterpointresearch.com/insights/

Counterpoint and MediaTek, along with industry partners, have released a whitepaper on generative AI phones, proposing the concept and defining the term. This development aims to inject new momentum into the mobile internet ecosystem and mark a new chapter in smartphone intelligence.

Source: https://www.counterpointresearch.com/insights/

Counterpoint and MediaTek, along with industry partners, have released a whitepaper on generative AI phones, proposing the concept and defining the term. This development aims to inject new momentum into the mobile internet ecosystem and mark a new chapter in smartphone intelligence.

Source: https://www.counterpointresearch.com/insights/

Counterpoint and MediaTek, along with industry partners, have released a whitepaper on generative AI phones, proposing the concept and defining the term. This development aims to inject new momentum into the mobile internet ecosystem and mark a new chapter in smartphone intelligence.

Source: https://www.counterpointresearch.com/insights/

Apple and Samsung dominated the top 10 best-selling smartphones in Q1 2024, with the iPhone 15 Pro Max taking the top spot. The iPhone Pro line-up accounted for half of Apple's total sales, a significant increase from 24% in Q1 2020. All top 10 smartphones were 5G capable, marking a milestone in the industry.

Source: https://www.counterpointresearch.com/insights/

The global smartphone market grew 6% YoY to 296.9 million shipments in Q1 2024. Samsung surpassed Apple to become the top smartphone player, with 20% shipment share. Apple's shipments declined 13% YoY due to inventory build-up, while Xiaomi grew 34% YoY. Global smartphone revenues reached a record high, growing 7% YoY.

Source: https://www.counterpointresearch.com/insights/

Apple's Q1 2024 revenues decreased 4% year-over-year, driven by a 10% decline in product sales. However, services revenue grew 14% year-over-year, reaching a record 26% of total revenue. This marks the first time services have accounted for over a quarter of Apple's total revenue in the first quarter.

Source: https://www.counterpointresearch.com/insights/