Apple and Samsung Dominate 2024 Q3 Global Smartphone Sales, with Xiaomi's Redmi 13C 4G Breaking the Mold
The latest report from Counterpoint Research sheds light on the global smartphone market for the third quarter of this year, revealing a continued stronghold by Apple and Samsung. Their dominance is so pronounced that they've nearly cornered the market, occupying the majority of the top spots in the global best-selling smartphone rankings. 
Key Findings from the Report:
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Apple and Samsung's Monopoly: The report indicates that Apple and Samsung have maintained a near-monopoly in the global smartphone market, claiming all but one of the top 10 spots in the best-selling smartphone rankings.
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Xiaomi's Redmi 13C 4G Breakthrough: Amidst the Apple and Samsung stronghold, Xiaomi's Redmi 13C 4G has made a significant impact, being the only Chinese smartphone to crack the top 10 list. Its affordable pricing and strong performance in emerging markets have helped it secure a spot for the second consecutive quarter, which is no small feat.
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iPhone 15 Series Triumph: The iPhone 15 series has taken the top three positions in the rankings, with the iPhone 14 also making a strong showing. This marks the first time that Pro series models have accounted for over 50% of total iPhone sales, indicating a shift in consumer preference towards higher-end models.
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Samsung's Galaxy A Series: Samsung's Galaxy A series has captured four of the top ten spots, demonstrating the brand's broad appeal and market penetration. The Galaxy S24, while ranking last among the top ten, still signifies Samsung's presence in the high-end market.
The dominance of Apple and Samsung in the top 10 smartphone rankings underscores their strong market positions. However, the inclusion of Xiaomi's Redmi 13C 4G suggests that there is room for other players to make an impact, particularly in the budget and emerging markets.
The increasing average price gap between Android phones and Apple's iPhones, especially with the growing market share of Apple's Pro series, raises questions about the sustainability of this trend and the potential for other brands to capture a larger share of the premium market.
