LATAM smartphone market rises on budget devices

The Indian smartphone market declined by 2% YoY in the second quarter of 2024, but 5G smartphones saw their highest market share growth so far.

Global smartphone shipments increased 7.8% year-on-year to 289.4 million units in Q1 2024, marking a third consecutive quarter of growth and indicating that recovery of handset sales is well underway. 

Semiconductor growth in India continues apace, with a number of deals announced in the past few days.