The global smartphone market grew by 7% to 1.22 billion units in 2024, marking a rebound after two consecutive years of decline, with emerging markets highlighted as the industry’s key growth driver.
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.
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