Counterpoint: Xiaomi Surpasses Apple and Samsung in Growth Rate

Counterpoint Research reports that Xiaomi has outpaced Apple and Samsung in smartphone sales growth, despite trailing in overall market share.

Counterpoint: Xiaomi Surpasses Apple and Samsung in Growth Rate

According to a recent report from Counterpoint Research, Xiaomi has outpaced both Apple and Samsung in terms of growth in the global smartphone market between 2022 and 2024. This comes despite Xiaomi trailing behind in overall market share. Smartphone Market Share in 2024 Counterpoint Research data reveals the following smartphone market share percentages for 2024: Samsung: 19% Apple: 18% Xiaomi: 14% While Samsung leads in total market share, the report highlights that Xiaomi experienced a 1% year-over-year growth. Apple and Samsung both saw their market share shrink compared to 2023. Xiaomi's Impressive Growth Xiaomi's growth is particularly impressive because the brand has a minimal presence in the US market. Counterpoint analysts suggest that Xiaomi's success can be attributed to its entry into the premium smartphone segment and its innovative marketing strategies. Generative AI in Smartphones The report also delves into the future of artificial intelligence in smartphones, predi…

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