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Global smartphone market grew 6%, revenue grew 7%, in the first quarter of 2024: Report

Global smartphone market grew 6%, revenue grew 7%, in the first quarter of 2024: Report
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Edging out: Indian manufacturing cashing in on China Plus One strategy but more can be done

Edging out: Indian manufacturing cashing in on China Plus One strategy but more can be done
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Premium smartphone segment likely to party this festive season, drive overall shipment growth, ET Telecom

Market trackers expect the average selling prices (ASP) to rise by 10% on-year during the festive season which also coincides with the Cricket World Cup this time. That said, affordable 5G smartphones under Rs 15,000 are also expected to drive volumes.

smartphone: Premium smartphone segment likely to party this festive season, drive overall shipment growth

The premium smartphone segment is expected to experience strong growth during the festive season, with distribution channels and financial institutions offering discounts and attractive offers. Shipments are predicted to rise 7% year-on-year, with average selling prices expected to increase by 10%. Affordable 5G smartphones under Rs 15,000 are also projected to drive volumes.

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