Premium demand lifts smartphone shipments despite chip shortages

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

The dispute between the Indonesian authorities and Apple is rumbling on as the smartphone giant apparently remains barred from selling the iPhone 16 in Indonesia despite a recent investment deal.

Global smartphone shipments are expected to rebound 3% to 1.2 billion units year-on-year in 2024, with emerging markets driving this growth according to analyst company Counterpoint Research.