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.
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.
Egypt’s Prime Minister Mostafa Madbouly has inaugurated Oppo’s new smartphone factory, marking another milestone in the country’s expanding electronics manufacturing sector.
According to analyst firm Canalys, the Southeast Asian smartphone market declined in Q1 2025, marking the end of five consecutive quarters of growth due to economic headwinds.