Trendforce: Smartphone production improves in Q1, but may decline in following quarter | Infinium-tech
Trendforce posted a report concerning the smartphone manufacturing in Q1 2024, revealing a surprising 18.7% yearly development with a complete cargo of 296 million models.
The expansion is partially as a result of low manufacturing in early 2023. Expectations are that the following quarter (April-June 2024) will as soon as once more see a decline in manufacturing numbers.
| Firm | Manufacturing (in tens of millions) | QoQ | Market share |
| Samsung | 59.5 | 11.2% | 20.1% |
| Apple | 47.9 | -39% | 16.2% |
| Xiaomi | 41.1 | -4.6% | 13.9% |
| Oppo | 33.8 | -15.5% | 11.4% |
| Transsion | 29.8 | 1% | 10.1% |
| vivo | 21.7 | -14.9% | 7.3% |
Samsung led the smartphone market in Q1 2024, with 59.5 million manufactured models, adopted by Apple, Xiaomi, Oppo (together with OnePlus and Realme), Transsion (Infinix, Tecno, iTel) and vivo. These manufacturers account for 80% of the worldwide smartphone market, with Samsung alone having 20% of the entire share.
The market technique from 2023, by which firms pushed older inventory and held again on launching new units to clear stock, is affecting the comparability information with the previous few months. However, Trendforce identified that Xiaomi is previous the purpose of getting stock points and has managed to extend funding in rising markets.
Oppo’s gross sales suffered on the home scene in China, the place Honor emerged as the highest producer. Nonetheless, the maker resolved patent points with Nokia and is now in a position to promote its merchandise in Europe. A return to the German market is about for the second half of the yr.
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