Canalys: Global smartphone market to grow by 3% in the fourth quarter of 2024, achieving positive growth for five consecutive quarters.

Data released by Canalys shows that in the fourth quarter of 2024, the global smartphone market grew by 3% to reach 330 million units. The smartphone market achieved positive growth for five consecutive quarters, but the growth rate is noticeably slowing down. Apple Inc.(AAPL.US) showed strong performance in the traditional new device release season, capturing the first place with a 23% market share. Samsung ranked second with a 16% market share, but their share decreased. Benefiting from the increased influence in the domestic market and globalization efforts, Xiaomi (01810) steadily held the third place with a 13% market share, being the only manufacturer among the top three to achieve year-on-year growth. Transsion and vivo ranked fourth and fifth, benefiting from the recovery of the Asia-Pacific emerging markets. Below are the rankings of manufacturers in key regions and markets in the fourth quarter: Key regions globally: Key markets globally: