The TOP10 global entry-level mobile phones in 2024Q2 are released: Redmi 13C 4G leads the way, Xiaomi, Samsung, and OPPO each have 3 seats

IT House reported on September 4 that market research agency Counterpoint Research released a blog post yesterday (September 3), reporting that driven by emerging markets in the second quarter of 2024, global economical smartphone sales exceeded 100 million units, year-on-year. Growth of 10%, accounting for 37% of global smartphone sales. In the budget segment, the top 10 best-selling budget smartphones reached a quarter in Q2 2024, up from 21% in the same period last year. The number of active budget smartphone models fell to just over 1,500 in the second quarter of 2024, down by almost half compared to the same period in 2018. The trend highlights ongoing consolidation in the economy segment as OEMs focus on leaner product portfolios and consumers favor established brands. In the second quarter of 2024, the top ten affordable smartphone rankings were occupied by Xiaomi, Samsung and OPPO, with three seats each. The remaining one spot is occupied by TECNO. IT Home has attached pictures as follows:

The best-selling budget smartphone is:

1. Xiaomi Redmi 13C 4G
2. Samsung Galaxy A05 4G
3. Samsung Galaxy A15 4G

The budget smartphone market is transitioning to 5G, with 5G devices expected to account for 24% of the market by the second quarter of 2024.

India and China are the major contributors to this growth, with 5G becoming a standard feature in the budget segment in these markets.

As 5G becomes more affordable, the sub-$150 segment will see significant growth and OEMs will focus on 5G as a key differentiator.

The Xiaomi Redmi 13C 5G released in December 2023 is the first 5G budget smartphone to enter the top ten.

Also standing out in the affordable 5G category this quarter were:

1. Xiaomi Redmi 12 5G
2. realme 12x

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