When it comes to the smartphone market, preferences can shift faster than a hasty Instagram scroll. The newest insights reveal what caught consumers’ eyes in Q3 2024. Apple’s iPhone 15 was among the bestselling smartphones globally in Q3 2024, followed closely by the iPhone 15 Pro Max and iPhone 15 Pro, according to Counterpoint Research’s Global Handset Model Sales Tracker.

Samsung maintained the biggest presence in the global top-10 best-selling smartphones list with five spots, followed by Apple with four and Xiaomi with one. This distribution has remained consistent from 2023, indicating stable consumer preferences. While Apple’s share of the top-10 list has declined slightly, Samsung’s presence has grown to keep the combined market contribution of the top 10 smartphones at around 19%.

The growing consumer preference for high-end smartphones is gradually narrowing the market share gap between the iPhone’s base and Pro variants. Notably, for the first time in the third quarter, half of the total iPhone sales were contributed by the Pro variants in Q3. This shift is helping Apple drive higher-value device sales.

1. The Throne of the iPhone 15

According to Counterpoint Research, the iPhone 15 took the crown as the best-selling smartphone globally in Q3 2024. Here’s a breakdown of just how impressive this feat is.

1.1 Unpacking the iPhone 15 Series

• iPhone 15: The star of the show, captivating customers with its sleek design and advanced features.
• iPhone 15 Pro Max: Praised for its superior camera capabilities and robust performance.
• iPhone 15 Pro: The middle child that still shines with top-tier specs and performance.

For the first time in a third quarter, more than 50% of iPhone sales stemmed from the Pro variants. This significant shift signals that consumers are increasingly drawn to high-end features.

2. Samsung’s Steady Presence

2.1 Galaxy S24’s Resilience

Samsung’s Galaxy S24 series not only secured a spot in the top 10 for the third consecutive quarter, but its innovative GenAI features have played a vital role in maintaining its appeal.

2.2 The Galaxy A Series Makes Its Mark

Interestingly, Samsung also captured four spots in the top 10 with Galaxy A series phones. These devices have gained traction due to:

• Competitive Pricing
• Extended software support
• Wide appeal across various geographic segments

3. Xiaomi: An Affordable Alternative

While Apple and Samsung dominate the high-end market, Xiaomi’s Redmi 13C has held its ground by appealing to budget-conscious consumers in emerging markets. This smartphone continues the legacy of its predecessor, the Redmi 12C, by offering great value at a competitive price point.

4. The Market Landscape in Q3 2024

4.1 Key Figures and Facts

The data reveals that the top 10 smartphones combined accounted for 19% of global smartphone sales in Q3 2024. This statistic underscores the influence of a few key models in shaping overall market trends.

4.2 Insights into Consumer Preferences

1. High-end devices are gaining preference.
2. Consumers are becoming more discerning, gravitating towards brands offering flagship features at reasonable prices.
3. Financing options and trade-in offers are making premium devices more accessible to a broader customer base.

5. What’s Driving Sales?

5.1 The Shift Towards Premium

The shrinking gap between Apple’s base and Pro models indicates a rising demand for high-end smartphones.

• Price Sensitivity: Consumers are willing to invest in technology that adds value to their lives, especially in emerging markets.
• Financing Options: Attractive payment plans enable buyers to purchase premium devices without breaking the bank.

5.2 Marketing Strategies that Work

1. Innovative Advertising: Both Apple and Samsung leverage engaging marketing campaigns highlighting unique selling points—like the iPhone’s camera and the Galaxy’s AI capabilities.
2. Strategic Pricing: Competitive pricing strategies ensure that high-end models remain in reach for a larger audience.

6. Summary of Smartphone Trends

As we explore the smartphone universe, it’s evident that the trend toward premium devices is not just a fleeting moment. The iPhone 15 series stands tall, while Samsung’s Galaxy S24 series continues to be a reliable choice. Xiaomi’s Redmi offerings prove that affordability can also be a winning strategy.

6.1 Looking Ahead

With the ever-evolving tech landscape, manufacturers must adapt to consumer preferences, ensuring they remain relevant in a fast-paced market.

Apple and Samsung are further strengthening their premium positioning with Apple Intelligence and Galaxy AI among bestselling smartphones in 2024, which will help them continue to dominate these rankings. Both brands are leveraging GenAI as a differentiating factor in the premium segment.