Overview:
Global smartphone sales have been under stress for the last two years due to factors including component shortages, inventory build-up and lengthening of replacement cycles. These issues have been compounded by an uncertain macroeconomic environment. However, Q4 2023 marks the first growth in the smartphone market sales indicating signs of the market bottoming out.
As we enter 2024, this report assesses 2023 and analyzes some of the key factors to look out for in the smartphone market in 2024 and beyond.
Table of Contents:
- Smartphone Market Sales Bottoms Out: On path of Gradual Recovery
- Premium Market Continues to See Record Sales in 2023
- Refurbished Smartphone Market Grows in 2023
- Huawei Resurrects in China
- Apple’s Ramps up Manufacturing Diversification in 2023
- Consumers show high purchase intention for foldables.
- Smartphones Chipset Inventory to normalize in 2023.
- Counterpoint Macro Index: Tech Sentiment boosts in Q4 2023
- Gen AI Smartphones to be a focal point for differentiation in 2024
- Smartphones Market Revenues to cross $500Bn in 2025
- Apple’s Revenues to Cross US$400Bn in 2024
Number of Pages: 13
Published Date: January 2024