Livemint Lounge’s Post

Foldable smartphones remain a hot topic as vendors strive to re-spark the attraction of the mobile market. According to Canalys research, 40.5 million foldable smartphones have shipped worldwide from Q1 2019 to Q3 2023, with 11 different vendors introducing 58 models. Currently, the segment is entering a new era. With intense competition, foldable devices alone no longer serve as innovative stand-out differentiators, and the 'wow-factor' is gradually diminishing, limiting its halo effect impact. The next years will be defined by new use-cases (I expect on-device AI to be key), prices gradually moving down and increased focus on building reliability and trust. On the last point: A significant share of foldable experience problems within their first two years, often needing repair or replacements. This doesn't align with what consumers have started to expect from smartphones and the main question I have: How will it impact retention of current foldable users? https://lnkd.in/ecQ7G9JR

GenAI-capable Smartphone Shipments to Grow Over 4X by 2027 - GenAI smartphone share of overall smartphone shipments will reach 11% by 2024 and 43% by 2027 - These estimates are higher than Counterpoint’s earlier forecast in December 2023 with the anticipated entry of Apple into the segment later this year. - Samsung, an early mover in the space, will lead GenAI smartphone OEM rankings for 2024, while Apple will likely lead in 2025. - Qualcomm will lead the AI SoC space in 2024, capturing almost half of all GenAI smartphone shipments, followed by MediaTek with a 13% share. - Two key price tiers will emerge – ≥$600 and $400-$599, accounting for 9 out of every 10 GenAI smartphones sold in 2024.

iQOO Unveils Exciting Discounts on Flagship Smartphones: Here's What You Need to Know

𝐈𝐬 𝐭𝐡𝐞 𝐞𝐫𝐚 𝐨𝐟 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐬𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞𝐬 𝐨𝐯𝐞𝐫?  India’s smartphone market is shifting gears dramatically, and the changes are too big to ignore. While entry-level devices are taking a nosedive, the premium segment is thriving like never before. Consumers are now willing to invest in sleek, powerful smartphones that offer more than just basic functionality: they're looking for experience, speed, and the latest tech. Find out more about this dual narrative that’s reshaping the industry. For insights like this, subscribe to our biweekly newsletter today- https://lnkd.in/gANQAcUv Manish Narang |R Vishal Oberoi | Kapil Narang | Manas Gupta | Varun Pathak | Vivek Gupta |Sapna Singh | Raaj Dharmanni | Rahul Bhatnagar | Shalini Singh | Mohit Gour | Aakash Bhasin #smartphones #smartphoneindustry #smartphonemarket #apple #iphone #oppo #vivo #consumerinsights #consumerbehaviour #affordability #premium #premiumisation #mrx #marketresearch

A new study shows that customers in India are more likely to reach for premium smartphones, particularly #5G enabled ones. This is another example of Qualcomm being ahead of the curve, as we’ve already been heavily investing in the country because we see #India as the next hub of 5G. https://lnkd.in/gNJnejZc 

GenAI-capable smartphones' market share rose to 6% in Q1 2024 from 1.3% in the previous quarter, indicating rapid adoption and potential future market growth. Over 70% of GenAI-capable smartphone sales in Q1 2024 were from premium models (>$600). 📱The number of GenAI-capable smartphone models more than doubled from 16 to over 30 in Q1 2024, reflecting growing interest from brands. 📱Samsung’s Galaxy S24 Ultra was the best-selling GenAI-capable smartphone with over 30% market share. Additionally, Samsung held a 58% share of the GenAI segment. 📱Popular GenAI features include chat/note assist, circle to search, and live translation. 📱Chinese brands' focus on their domestic market led China to capture one-third of the global GenAI-capable smartphone market. 📱GenAI-capable smartphones are expected to constitute 11% of the overall smartphone market in 2024. 📱The anticipated entry of Apple into the GenAI segment with its 2024 iPhone lineup is expected to further drive the market. For more insights - https://lnkd.in/gm-CscmX

GenAI-capable smartphones' market share rose to 6% in Q1 2024 from 1.3% in the previous quarter, indicating rapid adoption and potential future market growth. Over 70% of GenAI-capable smartphone sales in Q1 2024 were from premium models (>$600). 📱The number of GenAI-capable smartphone models more than doubled from 16 to over 30 in Q1 2024, reflecting growing interest from brands. 📱Samsung’s Galaxy S24 Ultra was the best-selling GenAI-capable smartphone with over 30% market share. Additionally, Samsung held a 58% share of the GenAI segment. 📱Popular GenAI features include chat/note assist, circle to search, and live translation. 📱Chinese brands' focus on their domestic market led China to capture one-third of the global GenAI-capable smartphone market. 📱GenAI-capable smartphones are expected to constitute 11% of the overall smartphone market in 2024. 📱The anticipated entry of Apple into the GenAI segment with its 2024 iPhone lineup is expected to further drive the market. For more insights - https://lnkd.in/gm-CscmX

The demand for used smartphones is surging in India, driven by increasing new phone costs and the need for affordable upgrades. According to the latest report by IDC, India’s used smartphone market is expected to grow by 9.6 per cent in 2024, with an...

Global cumulative shipments of 5G smartphones have surpassed 2 billion units in the fourth quarter of 2023, the shortest period ever compared to previous technologies like 4G or 3G, according to Counterpoint Research. This milestone achievement took less than five years, while 4G smartphones took six years to reach this mark. Developed smartphone markets such as China, the US, and Western Europe contributed to nearly 70% of all 5G shipments. Apple and Samsung led the 5G smartphone brands, shipping over 1 billion units cumulatively. With the launch of the iPhone 12 series, the first 5G-capable iPhones, 5G adoption significantly accelerated, taking global 5G shipments to above 100 million units in a single quarter for the first time in 4Q20. The momentum continued, and shipments hit a new record in 4Q23, reaching 200 million units in a single quarter. #smartphones #5g #counterpoint #research #trends2023 #smartphones #mobiletechnology #mobiletechnologynews #apple #samsung

Over 2 billion 5G Smartphones Shipped Worldwide! In a groundbreaking achievement, global shipments of 5G smartphones have surpassed 2 billion units as of Q4 2023, achieved in less than five years. This milestone highlights the rapid adoption and integration of 5G technology, outpacing the timelines of previous generations like 4G and 3G. 📱 Apple and Samsung Lead the Way: The top 5G smartphone brands, Apple, and Samsung, have collectively shipped over 1 billion units, underscoring their dominance in the market. 📱 With narrowing price gaps between 5G and 4G chipsets and strategic component selection by OEMs, the affordability and accessibility of 5G smartphones have significantly improved. 📱 Developed markets are nearing saturation, with 5G smartphones contributing over 80% to total shipments in 2023, primarily in the premium segment. Karn Chauhan, Counterpoint Technology Market Research For more insights - https://lnkd.in/gd7-YcXn