Trendforce posted a report concerning the smartphone manufacturing in Q1 2024, revealing a surprising 18.7% yearly development with a complete cargo of 296 million items.
The expansion is partially because of the low manufacturing in early 2023. Expectations are that the following quarter (April-June 2024) will as soon as once more see a decline in manufacturing numbers.
| Firm | Manufacturing (in thousands and thousands) | QoQ | Market share |
| Samsung | 59.5 | 11.2% | 20.1% |
| Apple | 47.9 | -39% | 16.2% |
| Xiaomi | 41.1 | -4.6% | 13.9% |
| Oppo | 33.8 | -15.5% | 11.4% |
| Transsion | 29.8 | 1% | 10.1% |
| vivo | 21.7 | -14.9% | 7.3% |
Samsung led the smartphone market in Q1 2024, with 59.5 million manufactured items, adopted by Apple, Xiaomi, Oppo (together with OnePlus and Realme), Transsion (Infinix, Tecno, iTel) and vivo. These manufacturers account for 80% of the worldwide smartphone market, with Samsung alone having 20% of the entire share.
The market technique from 2023, through which corporations pushed older inventory and held again on launching new units to clear stock, is affecting the comparability knowledge with the previous few months. Nonetheless, Trendforce identified that Xiaomi is previous the purpose of getting stock points and has managed to extend funding in rising markets.
Oppo’s gross sales suffered on the home scene in China, the place Honor emerged as the highest producer. Nevertheless, the maker resolved patent points with Nokia and is now in a position to promote its merchandise in Europe. A return to the German market is ready for the second half of the 12 months.