Smartphone revenues hit record high as premium demand lifts Q4

The International Telecommunication Union (ITU) stated that 227 million new people connected to the internet for the first time in 2024, bringing the total number of connected people to over 5.5 billion.

A China-based rival to ChatGPT, called DeepSeek, sent shockwaves across the technology industry by reportedly becoming the most downloaded free app on Apple devices and operating with fewer resources than its US counterpart.

Analyst house Canalys revealed that the African smartphone market grew by 3% year-on-year in Q3 2024 despite macroeconomic challenges. It predicted that smartphone shipments would grow by a “cautious” 1% in 2025.