5 Smartphone Companies with the Largest Market Share in 2024

4. Xiaomi

Market Share from Q1 until Q2 2024: 11.2%

Total Sales: 20 million smartphones

Xiaomi ranks 4th in our list of the 15 smartphone companies with the largest market share in 2024. Founded in 2010, Xiaomi entered the smartphone market in 2011 with the Mi 1, focusing on cost-effective, high-performance devices. Xiaomi’s global market share reached 11.2% in the first half of 2024.

The company sold approximately 20 million smartphones and generated an estimated $2 billion in total revenue. The best-selling model was the Xiaomi Mi 13 Pro, with around 5.5 million units sold and $440 million in revenue. Xiaomi also won the “Best Battery Technology Award” at the 2024 Tech Innovations Expo for its advancements in battery efficiency and fast charging technology.