Apple’s market share declined within the Chinese language market, revealed a few experiences on the native smartphone shipments. IDC and Canalys each confirmed that vivo was the best-selling firm in Q3 2024, with Huawei and Xiaomi additionally seeing an enormous improve in shipments, whereas their American competitor didn’t match its outcomes from twelve months in the past.
Smartphone shipments in China throughout Q3 2024 in keeping with IDC & Canalys
Whereas totally different analysts take totally different approaches to gathering their information, the general image clearly reveals that the market in China is getting tighter. The distinction between the primary and fifth place is just 5pp.
IDC: Foldable smartphone shipments in complete quantity and market share
Between July and September 2024, vivo stored overlaying a number of value ranges to attraction to many shoppers. We additionally had Apple with its newest iPhones; Huawei relied on the patriotic notice as faces restrictions as a consequence of US sanctions. Xiaomi bought telephones at a cheaper price and a decrease margin, whereas Honor launched the Magic Flip and Magic V3 foldables.
IDC: Smartphone market share by value class
IDC revealed that shipments of telephones over (the equal of) $600 grew to almost 30%, whereas the share of premium gadgets ($400-$600) sank to six.6%. This contains foldable smartphones, whose shipments grew 13.6% on a yearly foundation.
Canalys: Market efficiency in Mainland China throughout Q3 2024
Concerning foldables, Huawei stays the undisputed chief with 41% of all gross sales in Q3, adopted by Honor with 21.9% market share. Xiaomi, Samsung, and vivo accomplished the High 5.
