PLDT’s wireless arm Smart Communications says it is banking on affordable 5G devices as a key part of its strategy to drive growth in its 5G business in the Philippines as it plans on stronger rollout of its 4G and 5G networks for the rest of 2024.
Global smartphone shipments grew by 3% to 330 million units in the last quarter of 2024, marking a fifth consecutive quarter of growth, but analyst house Canalys noted this was a significant slowdown in growth.
The Southeast Asian smartphone market rebounded in 2024 as vendors shipped 96.7 million units, an annual growth rate of 11% – snapping two years of decline.