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- After a couple of declines, the global smartphone market grew by 6.4% in 2024
- Apple and Samsung are still the market leaders but their market shares dipped below 19%
- Xiaomi made great strides, growing its annual market share to 13.6%, according to IDC
- The influence of, and market share gains by, Chinese vendors is growing
After a couple of well documented challenging years, the global smartphone sector grew in 2024, with research firm IDC estimating (based on preliminary figures) that the number of devices shipped last year grew by 6.4% to 1.24 billion, driven largely by the success of Chinese vendors, such as Xiaomi.
