World smartphone market makes an excellent comeback in 2024, gross sales improve by 4 % INA NEWS

New Delhi, January 13 (.). The worldwide smartphone market made a robust comeback with gross sales anticipated . develop by 4 % year-on-year in 2024. This data was given in a contemporary report that got here on Monday.

Shopper sentiment remained higher than earlier years following macroeconomic reforms. In accordance . Counterpoint Analysis, earlier than this, smartphone gross sales in 2023 have been the bottom in a decade.

Analysis Director Tarun Pathak stated, smartphone has develop into an important product, which is a vital a part of folks’s each day life. As macroeconomic pressures eased, the market began displaying indicators of restoration from the fourth quarter of 2023 and has now been rising for 5 consecutive quarters. Nearly all markets noticed development, led by Europe, China and Latin America.

Samsung . proceed . lead the market in 2024. The corporate’s S24 Collection and A-Collection product strains continued . see sturdy demand.

In accordance . the report, the S24 sequence is the primary cellphone . be launched as an AI system, outperforming all its earlier fashions. It obtained a very good response in Western Europe and America.

Apple took second place with 18 % share. Apple’s iPhone 16 sequence obtained a blended response, largely due . the dearth of availability of Apple Intelligence on the time of launch. Nonetheless, Apple continued . develop strongly in its non-core markets similar to Latin America, Africa, and Asia-Pacific-Others.

Xiaomi set . develop quickest amongst high 5 manufacturers in 2024.

Oppo got here in fourth place with an annual decline, but it surely ended the yr with sturdy momentum, the report stated. Vivo joined the highest 5 due . sturdy efficiency in India and China, the place it ended the yr because the top-ranked OEM.

In accordance . the report, whereas GenAI-enabled smartphones are restricted . the premium phase for now, we count on GenAI . develop into a typical for mid-range gadgets as properly.

The report says that by 2028, we count on 9 out of ten smartphones priced above $250 . be GenAI-enabled.

Gross sales of ultra-premium smartphones (these priced greater than $1,000) grew the quickest in 2024 as customers prioritized spending extra on their subsequent smartphone.

In 2025, we count on income development . outpace quantity development, with revenues seeing 8 % year-on-year development, the report stated.

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World smartphone market makes an excellent comeback in 2024, gross sales improve by 4 %

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