In the first quarter of 2024 MediaTek The 5G smartphone chip market has reached a major milestone, overtaking Qualcomm Snapdragon in terms of shipments. According to a report published by Omdia on July 8, MediaTek ships 53 million chips per 5G smartphoneSign up 52.7% increase MediaTek managed to outpace Qualcomm Snapdragon, which has been consistently recording shipments of 48.3 million units in the first quarter of 2024, compared to shipments of 34.7 million units in the same period of 2023, a 2.3% YoY increase over 47.2 million units in the first quarter of 2023.

MediaTek surpasses Qualcomm Snapdragon in 5G smartphone chip sales

Evidence from the Omdia report MediaTek’s market share in the 5G smartphone segment is 22.8% In the first quarter of 2023, this ratio dropped to 29.2% in the first quarter of 2024. Conversely, in the same period, Qualcomm Snapdragon’s market share fell from 31.2% to 26.5%. This significant change is attributed to the increasing demand for 5G smartphones in the lower $250 price range, a segment dominated by MediaTek.

Shipments of 5G smartphones in this price range increased by 62% from 38.7 million units in the first quarter of 2023 to 62.8 million units in the first quarter of 2024. MediaTek has become the preferred choice for i5G phones in this price range, while MediaTek has become the preferred choice for i5G smartphones in this price range. Snapdragon continues to dominate the mid-range 5G phone market, and Apple continues to lead the high-end segment.

In addition to MediaTek and Qualcomm Snapdragon, other chips such as Exynos, Google Tensor, Kirin, and Unisoc represented 17% of shipments. In particular, the market share of Kirin chip increased thanks to the increasing shipments of Huawei Mate 60 Pro and Nova 12 models.

MediaTek’s success in overtaking Qualcomm Snapdragon in the 5G smartphone chip market is a remarkable result enabled by its strong presence in the low-cost 5G smartphone segment.