Global Smartphone Market Expected to Witness a Strong Rebound in 2024
Thursday, 28 March 2024, 11:13
Global Smartphone Market Outlook
The report by Counterpoint Research highlights the anticipated surge in global smartphone shipments, mainly driven by factors such as easing inflation and rising demand for premium devices enhanced by generative AI technology.
Market Insights
The data from the research firm shows that global smartphone shipments experienced a decline last year due to economic uncertainties. However, the forecast for 2024 suggests a positive trend, especially in emerging markets.
- Key Highlights:
- Expected 3% growth in smartphone shipments this year
- Emerging markets like India, the Middle East, and Africa to drive market recovery
- Budget-friendly smartphones expected to lead the growth
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.