Omdia: MediaTek outgrowing Qualcomm Snapdragon in the 5G smartphone market, Business News
Business new tamfitronics LONDON, July 8, 2024 /PRNewswire/ -- 5G smartphones equipped with MediaTek chipsets experienced robust growth of 53%, increasing to 53.0 million in 1Q24 from 34.7 million in 1Q23, according to the latest Omdia Smartphone Model Market Tracker. In contrast, Snapdragon-powered devices remained relatively stable, with shipments changing minimally from 47.2 million units in 1Q23 to 48.3 million in 1Q24. MediaTek's market share in 5G smartphones rose to 29.2% in 1Q24, up from 22.8% in 1Q23, while Qualcomm Snapdragon's share decreased from 31.2% to 26.5% over the same period. Figure 1 illustrates MediaTek leading followed by Apple and Snapdragon. 5G...