Samsung bought extra high-end telephones than every other Android rival in Q1 2024

Samsung sells extra high-end smartphones than every other Android smartphone model. Regardless of reaching its highest-ever smartphone common promoting worth (ASP) in Q1 2024, it has loads of catching up with Apple relating to ASP and revenues. Samsung earns 3x extra income from its smartphones than every other Android OEM.

Samsung earns 3x income than every other Android smartphone model

In line with Counterpoint Analysis’s newest report, Samsung captured 20% share of the worldwide smartphone market in Q1 2024. It defeated Apple, which gained the smartphone shipments crown in This autumn 2023. Samsung additionally recorded its highest-ever smartphone ASP through the quarter, due to sturdy gross sales of the Galaxy A54 and the Galaxy S24. Its ASP was $336 throughout Q1 2024, loads behind Apple’s ($900). The worldwide smartphone ASP through the interval was $370. The income of the general smartphone market elevated by 7% year-over-year.

Samsung’s income share through the first quarter of the 12 months was 18%, whereas Apple’s was 41%. Different smartphone manufacturers, together with OPPO, Vivo, and Xiaomi, earned 6% or much less in that market. Xiaomi’s market share was 14%, whereas that of OPPO’s and Vivo’s was 8% and seven%, respectively. Xiaomi’s and OPPO’s income share was 6%, whereas that of Vivo was 4% through the quarter.

Counterpoint Analysis’s Analysis Director Tarun Pathak mentioned, “Development is predicted to be sluggish however regular within the close to time period. Nonetheless, revenues are anticipated to develop quicker as the continuing premiumization development is more likely to persist, particularly with the rise of newer kind components and capabilities akin to foldables and GenAI. Greater than 10 OEMs have launched over 30 GenAI-capable smartphones to this point. We estimate that GenAI’s share of general smartphone shipments will attain 11% by 2024.”