DIGITIMES Research's latest study on the global smartphone industry shows that global smartphone shipments totaled around 330 million units, rising 6.5% year-on-year.
Inflation is unlikely to cease anytime soon, but consumers are already seeing product price hikes decelerate. The China market as well as emerging markets such as Southeast Asia, Latin America, and Africa have continued to enjoy an economic recovery in the fourth quarter of 2023.
Global smartphone shipments are expected to hit slightly above 270 million units in the first quarter of 2024, representing a 2.7% year-on-year growth.
Chart 2: Shipments in China and non-China markets, 4Q22-1Q24 (m units)
Chart 5: Shipments in China and non-China markets, 2021-2023 (m units)
Chart 7: Global 5G smartphone shipments and share, 2021-2024 (m units)
Chart 8: 5G smartphone shipments by China and non-China markets, 2021-2023 (m units)
Chart 10: Global foldable smartphone shipments and share, 2021-2024 (m units)
Chart 11: Global foldable smartphone shipments by top brands, 2022-2023 (m units)
