LATAM smartphone market rises on budget devices

The Indian smartphone market was flat with a growth rate of only 1% in the second quarter of 2024 due to subdued seasonal demand.

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 are predicted to grow by 4% year-on-year in 2024 to 1.21 billion units due to rebounding consumer demand.