FEATURE : MOBILE
‘ Remarkable ’ surge in global smartphone shipments
The first quarter of 2024 witnessed a ‘ remarkable surge ’ in global smartphone shipments , defying expectations and underscoring the enduring relevance of these pocketsized marvels .
According to Stocklytics . com , the global smartphone shipment jumped 20 million units YoY to reach 289.4 million units in Q1 2024 .
The remarkable growth is referenced as due to strong performances in EMEA , the Caribbean and Latin America .
Edith Reads , financial analyst with Stocklytics , said : “ This remarkable uptick in smartphone shipments not only underscores the industry ’ s resilience but also signals a renewed vigour in consumer demand for these indispensable devices . Consumer preferences and distributor innovations will Drive the market to new heights . Besides , emerging markets will provide avenues for vendors to explore .
The stats show Samsung regained the top spot in the global market by dethroning Apple despite losing 0.7 % YoY .
In the first quarter of 2024 , Samsung shipped just over 60 million units , slightly fewer than the 60.5 million units it shipped in the same period in 2023 . The company ’ s supply was supported by its strengthened A-series lineup alongside its premium models .
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