- Global smartphone shipments are expected to rebound 3% this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by Counterpoint Research said on Thursday.
The segment, consisting of phones priced between $150 and $249, is set to benefit from easing inflation in regions such as Africa and stabilization of local currencies, Counterpoint said. Competition from Huawei led to a 24% decline in iPhone sales in China in the first six weeks of 2024, Counterpoint had estimated earlier.