The smartphone market recovers
In 2024, the smartphone market showed signs of recovery. From the perspective of the China market, according to the estimation of the company, the shipment volume will reach 287 million units, with a year-on-year growth of 3.6%, achieving the first year-on-year growth since 2021. This is because the recovery of leisure entertainment, smart travel and other usage scenarios has increased consumer demand, and the increase in consumer demand for large storage combinations has driven the start of the replacement cycle. The global market was also optimistic. Canalys data showed that the global smartphone market fell by 12% in 2022, and the shipment volume remained low in 2023 (estimated to fall by 5%). However, driven by the growth of shipment volume in the Middle East, Africa, and Latin-America, the overall global decline had slowed down. It was predicted that the global smartphone sales would reach 1.17 billion units in 2024. And Canalys believes that this growth will continue until 2027, with global shipment reaching 1.25 billion units, with a compound annual growth rate of about 2.6% from 2023 to 2027. Counterpoint Research's smartphone 360 report also predicted that smartphone shipment would increase by 3% in 2024. In the third quarter of 2024, the global smartphone market shipped 307.7 million units, up 3.8% year-on-year, further reflecting the market's recovery. "A Short History of the Future: Legends of the Intelligent Era" was equally exciting. Everyone was welcome to click and read it!
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