Smartphone market to grow 5.8% in 2024 to 1.23 bn: IDC

Smartphone shipments are forecast to increase 5.8 percent in 2024 to 1.23 billion units, the latest IDC report said.

IDC report on 2024 smartphone market
IDC report on 2024 smartphone market

Smartphone shipments achieved 12 percent growth in the first quarter, and 9 percent rise in the second quarter.

Affordable Google Android smartphones are growing rapidly in China and emerging markets. Premium smartphone markets are starting to embrace GenAI smartphones, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.

“The growth for Google Android this year will be nine times faster at 7.1 percent than iOS at 0.8 percent. Apple’s softer growth is a result of increasing competition in China but also a higher comparison base year,” said Nabila Popal, senior research director with IDC’s Worldwide Quarterly Mobile Phone Tracker.

IDC expects the iOS trajectory to improve in 2025 with 4 percent growth thanks to Apple Intelligence, which is creating a lot of excitement and is expected to gain momentum next year and encourage faster upgrades.

GenAI smartphones will be capturing 18 percent share of the total market by end of 2024, as most flagships will adopt some on-device GenAI features.

“GenAI-capable devices won’t come cheap, as the average selling price for these GenAI smartphones will be more than double the cost of non-GenAI capable devices, further driving the premiumization trend,” said Anthony Scarsella, research director with IDC’s Worldwide Quarterly Mobile Phone Tracker.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Austria Rules Microsoft 365 Education Tracked Students, Exposing GDPR Failures in Schools

Privacy advocacy group noyb has secured another significant win...

Google to Pay $68 mn to Settle Privacy Lawsuit Over Alleged Google Assistant Eavesdropping

Google has agreed to pay $68 million to settle...

Global Smartphone AMOLED Shipments to Fall in 2026 Amid Memory Shortage and Rising Costs

Global smartphone AMOLED display shipments are projected to decline...

India Smartphone Market Faces Mid-Single-Digit Decline in 2026 as Upgrade Cycles Stretch

India’s smartphone market is likely to contract by a...