Worldwide smartphone shipments are forecast to grow 5.8% year over year in 2024 to 1.23B units, according to the International Data Corporation Worldwide Quarterly Mobile Phone Tracker. “The 12% growth in the first quarter, followed by 9% growth last quarter, has brought improved optimism about how 2024 will play out in the second half of the year. Affordable Android smartphones continue to grow rapidly in emerging markets coming off a difficult two years while premium markets are starting to embrace GenAI smartphones, generating excitement and renewed interest in the industry,” said IDC’s report.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Australia’s Zip in Talks with Apple for BNPL Deal
- Apple (NASDAQ:AAPL) Announces iPhone 16 Reveal Date; CFO Steps Down
- Apple Announces Executive Team Reshuffle and CFO Transition
- M&A News: Bronfman’s Paramount (NASDAQ:PARA) Plan Sends Shares Lower
- Apple Stock (NASDAQ:AAPL): Buffett Sells While the Market Ignores