LATAM smartphone market rises on budget devices

Apple has launched its latest AI-powered smartphone, the iPhone 16e, in a bid to gain market share in emerging markets such as India, where it has been ramping up its focus.

The Indonesian smartphone market grew 20% year-on-year in Q2 boosted by the vendor promotion during the holiday season.

Xiaomi reportedly revealed plans to invest CNY50 billion (US$6.9 billion) over the next 10 years to develop its own mobile processors, and is set to unveil such chips this week.