Indian smartphone market flattens

Smartphone shipments in Latin America surged 23.3% year-on-year in Q1 due to retailers moving to clear inventory, and Chinese vendors pushing aggressively.

Analyst firm Canalys reported that global smartphone shipments grew 5% year-on-year in Q3 2024, marking the fourth consecutive quarter of growth. 

The Chinese smartphone market experienced 10% growth in the second quarter with units reaching 70.5 million units, and local vendors occupying the top five spots for the first time.