Global Smartphone Market Sees Best Quarter Since 2021

From PC Mag: The global smartphone market recorded its best quarter since 2021, according to analyst firm Canalys. Smartphone shipments grew 5% year-on-year worldwide in Q3 2024, hitting 309.9 million units.

The analysts put this down to “aggressive launches” from smartphone brands such as Samsung and product announcements and supply chain improvements from Apple.

Samsung nabbed the top spot in the analyst's rankings with 57.5 million shipments in Q3, while Apple retained second place from last quarter with a record 54.5 million units. Xiaomi took third place with 42.8 million units shipped and a 14% market share

Canalys Analyst Le Xuan Chiew said consumer demand for Apple's new suite of generative AI tools, Apple Intelligence, was one factor behind Apple’s record-setting performance. He thinks many consumers are looking to upgrade from “older iPhone 12 and 13 models to embrace this new technology.” Apple Intelligence only runs on the iPhone 15 Pro and up, or iPads or Macs with an M1 chip and up because the tools needs high amounts of computing power to work.

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