Samsung sells extra top class smartphones than another Android logo. Even if it reached the best cell phone gross sales worth (ASP) in Q1 2024, it has so much to do with Apple on the subject of ASP and income. Samsung earns 3x extra income from its telephones than another Android OEM. Samsung earns 3x extra income than another Android smartphone logo In keeping with a contemporary document by means of Counterpoint Analysis, Samsung captured 20% of the worldwide smartphone marketplace in Q1 2024. It beat Apple, which received the crown of smartphone shipments in This autumn 2023. Samsung additionally recorded its best. – the best ASP smartphone all the way through the quarter, due to the sturdy gross sales of the Galaxy A54 and Galaxy S24. Its ASP used to be $336 in Q1 2024, smartly in the back of Apple ($900). The worldwide smartphone ASP presently used to be $370. Revenues within the international smartphone marketplace rose by means of 7% year-on-year.
Samsung's income percentage within the first quarter of the yr used to be 18%, whilst Apple's used to be 41%. Different smartphone manufacturers, together with OPPO, Vivo, and Xiaomi, won 6% or much less of the marketplace. Xiaomi's marketplace percentage used to be 14%, whilst that of OPPO and Vivo used to be 8% and seven%, respectively. Xiaomi and OPPO's monetary percentage used to be 6%, whilst Vivo's used to be 4% for the quarter. Counterpoint Analysis Director Tarun Pathak mentioned, “Enlargement is predicted to be gradual however secure within the close to time period. Then again, income is predicted to develop all of a sudden as the fashion continues, particularly because of the upward thrust of latest merchandise and features akin to foldables and GenAI. Greater than 10 OEMs have introduced smartphones over 30 GenAIs so far. We estimate that GenAI's percentage of all cellular shipments will achieve 11% by means of 2024.”
