Latin America's smartphone market up 20% in Q2 2024 – Canalys

Canalys' latest research shows Latin America's smartphone market reached a fourth consecutive quarter of double-digit annual growth in Q2 2024, as shipments rose 20% year-on-year to 33.5 million units. The continued growth has been fueled by the highest share of devices costing less than US$200 since Q2 2021. Samsung maintained its healthy lead in the market, growing 9% year-on-year to 10.2 million units, driven by the budget friendly A-series. Xiaomi was Latin America's second largest smartphone vendor for the very first time, supported by 35% shipment growth to 6.2 million devices. Q2 also marked Xiaomi's highest quarterly volume in the region to date, as it surpassed the 6 million units milestone for the first time. Motorola followed in third, shipping 5.7 million units. TRANSSION and HONOR rounded off the top 5, growing 52% and 47%, respectively, to 3.2 million and 1.7 million units.

Read the full press release here.

Canalys