Smartphone Shipments: Counterpoint said that steady investments into the MEA and Caribbean and Latin America markets by Chinese original equipment manufacturers (OEMs) such as Oppo, Vivo, Xiaomi and Transsion Group have intensified the competition, stimulating the demand for budget-economy smartphones.
Telecoms operators will use the event to explore how AI can help improve their operations, from boosting security to providing better customer service.
Apple is the only player in the top three to show positive growth of 3.7% year-over-year, but has also bagged the first rank annually for the first time ever despite facing increased regulatory challenges and renewed competition in its largest market, China, from Huawei, said Popal.
Sanyam Chaurasia, Senior Analyst at Canalys said that the smartphone market rebound in 2024 will be driven by emerging markets, where smartphones remain integral for various purposes, including connectivity and productivity.