Transsion, the parent company of TECNO, Infinix, and itel, has become the top smartphone vendor in the Philippines for Q3 2024.
According to the International Data Corporation (IDC), Transsion has captured 37% market share leading to an impressive 63% year-on-year (YoY) growth.
IDC further explained that the entry-level segment had the strongest growth in the Southeast Asia. The entry-level segment, that covers sub-USD 100 price range, captured 30% market share in the same quarter as compared to 20% last year.
The driving force behind it? It’s none other than Transsion. Interestingly, Xiaomi becomes the second top smartphone company for the entirety of the SEA region in the entry-level segment.
However, locally, realme came in second in the top five smartphone vendors in the Philippines. The company managed to get 17% share with 10% annual growth.
Coming in third is OPPO with 11% share and 7% YoY growth. Xiaomi then takes the fourth rank with 10% market share, but with a significantly higher 33% YoY growth. And closing out the top five is Samsung (10% share, 11% YoY).
As for overall rankings in SEA, both OPPO and Samsung tied at the top spot in the same quarter. They both captured about 18% market share with 7% YoY growth.
Following third is Transsion with 17% share and a whopping 58% annual growth. Xiaomi (14.9%) and vivo (9.8%) ranked fourth and fifth, respectively, however, only vivo saw a decrease with -7% YoY.
Despite that, the SEA smartphone market saw an increase in shipments with 11% YoY growth accounting to about 25.4 million units shipped.
Source (1)
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
How to transfer, withdraw money from PayPal to GCash
Prices of Starlink satellite in the Philippines
Install Google GBox to Huawei smartphones
Pag-IBIG MP2 online application
How to check PhilHealth contributions online
How to find your SIM card serial number
Globe, PLDT, Converge, Sky: Unli fiber internet plans compared
10 biggest games in the Google Play Store
LTO periodic medical exam for 10-year licenses
Netflix codes to unlock hidden TV shows, movies
Apple, Asus, Cherry Mobile, Huawei, LG, Nokia, Oppo, Samsung, Sony, Vivo, Xiaomi, Lenovo, Infinix Mobile, Pocophone, Honor, iPhone, OnePlus, Tecno, Realme, HTC, Gionee, Kata, IQ00, Redmi, Razer, CloudFone, Motorola, Panasonic, TCL, Wiko
Best Android smartphones between PHP 20,000 - 25,000
Smartphones under PHP 10,000 in the Philippines
Smartphones under PHP 12K Philippines
Best smartphones for kids under PHP 7,000
Smartphones under PHP 15,000 in the Philippines
Best Android smartphones between PHP 15,000 - 20,000
Smartphones under PHP 20,000 in the Philippines
Most affordable 5G phones in the Philippines under PHP 20K
5G smartphones in the Philippines under PHP 16K
Smartphone pricelist Philippines 2024
Smartphone pricelist Philippines 2023
Smartphone pricelist Philippines 2022
Smartphone pricelist Philippines 2021
Smartphone pricelist Philippines 2020
