Reported about 1 year ago
According to Counterpoint data, smartphone sales in mainland China during weeks 21-24 of 2024 (corresponding to the 618 shopping festival) increased by 6.8% annually, signaling a recovery in demand. Companies like Novatek (3105) and Unigroup (3034) are expected to benefit from the increasing demand for smartphones. Global smartphone sales have shown year-on-year growth for three consecutive quarters from Q3 2023 to Q1 2024, with Q1 sales reaching 298 million units, an 11.2% increase. The market is expected to continue recovering with Q2 and Q3 global smartphone sales forecasted at 278 million units and 306 million units, respectively.
Source: YAHOO