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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

Top 5 smartphone makers by market share in China Smartphone shipments in the Chinese market reached 271 million units in 2023. The figure was 73.63 million units in the fourth quarter of last year, showing an increase of 1.2 percent from the same period of 2022, ending a ten-quarter decline, according to the latest report from market consultancy IDC on Jan 25. Currently, the market demand mainly comes from high-end consumers in first, second, and third-tier cities and the best sellers are the flagship products such as the iPhone 15, Huawei Mate 60, Xiaomi 14 and Vivo X100. In 2023, the market share of high-end smartphones with prices over $600 was 27.4 percent, increasing 3.7 percentage points year-on-year, and low-end smartphones with prices below $200 was 27.5 percent, growing 5.2 percentage points year-on-year in the country. IDC pointed out that while the high-end consumers maintain their purchasing power, more mid-level users begin to upgrade their devices to flagship products to extend the replacement cycle. Creating 5G smartphones at a thousand yuan ($139.74) price point with nice appearance and ensuring smooth performance in social media, shopping and short videos, will attract more low-end consumers, said IDC. Now, let's take a look at the top 5 smartphone makers by market share in China. Tanks to chinadaily.com.cn Please visit: Our Sponsor https://lnkd.in/d-jPP3Qa

⭐⭐⭐The latest insights on GenAI smartphone are out by Counterpoint Technology Market Research. 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. Key insights 📌Samsung Electronics, 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.

🚀 Exciting Time in the Smartphone Industry! 📱 The market share of GenAI-capable smartphones rose to 6% in Q1 2024 from 1.3% in the previous quarter, showcasing rapid adoption and a promising trajectory for future growth. Notably, over 70% of these sales were from premium models priced above $600, indicating strong consumer interest in advanced features. Key highlights: 📱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. Looking ahead, the anticipated entry of Apple into the GenAI segment with its 2024 iPhone lineup is set to accelerate market growth further. Exciting developments are on the horizon for both consumers and industry players alike! 🌐📈 #TechInnovation #Smartphones #GenAI #MarketTrends #Samsung #Apple #ChinaTech For more insights - https://lnkd.in/gm-CscmX

Despite Low Seasonality, Smartphone Was Still A Big Part Of TSMC Business In Q2 2024 TSMC has recently released its earnings for Q2 2024 and "Smartphone" platform accounted for around 33% of the total TSMC's revenue in Q2 2024. This means around $1 in every $3 dollar revenue of TSMC still comes from smartphone platform. Q2 is usually a low seasonality quarter for smartphone driven by a smaller number of launches and more planning for H2 sales amidst festive seasons in emerging and developed markets. Despite this, Smartphone platform managed to be second highest contributor in revenue after HPC platform which accounted for 52% of the total revenue, crossing 50% mark for the first time ever. On a sequential comparison, smartphone platform revenue decline 1% QoQ but on an annual comparison, it grew around 33% YoY in Q2 2024 driven by flagship and AI enabled smartphones. We expect the contribution of smartphone platform to grow in second half of 2024 driven by more smartphone launches and sales amidst festive season.

🚀 Exciting Time in the Smartphone Industry! 📱 The market share of GenAI-capable smartphones rose to 6% in Q1 2024 from 1.3% in the previous quarter, showcasing rapid adoption and a promising trajectory for future growth. Notably, over 70% of these sales were from premium models priced above $600, indicating strong consumer interest in advanced features. Key highlights: 📱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. Looking ahead, the anticipated entry of Apple into the GenAI segment with its 2024 iPhone lineup is set to accelerate market growth further. Exciting developments are on the horizon for both consumers and industry players alike! 🌐📈 #TechInnovation #Smartphones #GenAI #MarketTrends #Samsung #Apple #ChinaTech

Global cumulative shipments of 5G smartphones cross 2-Billion units in Q4 2023 -> This milestone was achieved in less than five years, the shortest period when compared to previous technologies like 4G or 3G. It took 4G smartphones six years to reach this mark. -> Nearly 70% of all 5G shipments came from developed smartphone markets. -> Apple and Samsung were the top 5G smartphone brands, shipping over 1 billion 5G smartphones cumulatively. -> The launch of the iPhone 12 series, the first 5G-capable iPhones, significantly accelerated 5G adoption. https://lnkd.in/gh6Kxvwa

Japan’s Used Smartphone Market Booms - https://lnkd.in/gV5rkY8r TOKYO, Oct 07 (News On Japan) - The used smartphone market in Japan is booming, particularly following the release of Apple's latest iPhone model. Despite the new iPhone 16 hitting the market last month, more consumers are opting for pre-owned devices due to their significantly lower prices. https://lnkd.in/gCymHykc For instance, a used iPhone 13 with 512 GB of storage can be purchased for around 93,280 yen, offering a substantial price difference compared to new models sold by Apple. This affordability is attracting both local and international buyers, especially from countries like Turkey and South Korea, where new smartphones are much more expensive. The popularity of used smartphones is expected to continue growing, with sales reaching over 2.72 million units for the fifth consecutive year and projections showing an increase of 15.5% to 3.15 million units this year. The appeal of used smartphones isn't just about the cost; some consumers prefer older models for their unique camera qualities or aesthetics. Behind this market's growth is a network of repair shops that meticulously restore pre-owned phones, enhancing their value. Source: ANN Source

Japan’s Used Smartphone Market Booms - https://lnkd.in/gV5rkY8r TOKYO, Oct 07 (News On Japan) - The used smartphone market in Japan is booming, particularly following the release of Apple's latest iPhone model. Despite the new iPhone 16 hitting the market last month, more consumers are opting for pre-owned devices due to their significantly lower prices. https://lnkd.in/gCymHykc For instance, a used iPhone 13 with 512 GB of storage can be purchased for around 93,280 yen, offering a substantial price difference compared to new models sold by Apple. This affordability is attracting both local and international buyers, especially from countries like Turkey and South Korea, where new smartphones are much more expensive. The popularity of used smartphones is expected to continue growing, with sales reaching over 2.72 million units for the fifth consecutive year and projections showing an increase of 15.5% to 3.15 million units this year. The appeal of used smartphones isn't just about the cost; some consumers prefer older models for their unique camera qualities or aesthetics. Behind this market's growth is a network of repair shops that meticulously restore pre-owned phones, enhancing their value. Source: ANN Source

Are you considering purchasing a new Apple iPhone, or are you enticed by the features of Samsung's S series smartphones? By the year 2023, the smartphone penetration rate in India had surpassed 71%. The smartphone you are using could have been manufactured locally. Apple has also initiated local production with Wistron, a subsidiary of Tata. Smartphone manufacturing in India has experienced significant exponential growth, largely due to rising disposable incomes, more affordable internet, and the necessity of staying connected. India represents a high-demand market for smartphone companies seeking a competitive edge. In 2022, Samsung led as the top smartphone brand in the country, followed by Xiaomi and Vivo. India now satisfies 97% of its mobile phone demand through local manufacturing and has become the world's second-largest mobile phone producer. Is your mobile phone 'Made in India?' Share your thoughts in the comments: Should India focus on developing more homegrown brands, or should it concentrate on locally manufacturing phones for major brands? #Mindcog #MarketResearch #DigitalIndia #SmartphoneManufacturing #India