Worldwide smartphone sales grew in 2024 following two consecutive years of decline according to reports from Counterpoint, Canalys, and IDC. The bulk of the growth came from Chinese manufacturers including Xiaomi and Vivo, though Apple and Samsung are still holding strong as the undisputed market leaders.

Smartphone shipments for Apple (NASDAQ:AAPL) and Samsung (KS:005930) declined in Q4 as competition from Chinese companies like Xiaomi (OTC:XIACF) intensified, according to preliminary data from IDC. Despite a rebound

In 2024, the global smartphone market saw growth for the first time in two years. While Apple and Samsung faced declines, Xiaomi emerged as the fastest-growing brand among the top players.

Global smartphone shipments increased 2.4% year-over-year to 331.7 million units in the fourth quarter of 2024 with Apple (NASDAQ:AAPL) and Samsung Electronics (OTCPK:SSNLF) taking the top two spots,