Global Smartphone Market Grew 4% YoY by Both Shipments and Revenue in Q3 2024
Discover the latest on global smartphone shipments, which rose 3.8% YoY in Q3 2024, while wholesale revenue grew 3.6%, reflecting sustained recovery with slowing growth rates.
Global smartphone shipments grew 3.8% YoY to 307.7million units in Q3 2024. It maintained the recovery trajectory for four quarters in a row. However, the growth rate has slowed down to low single digit from previous three quarters. Global smartphone wholesale revenue (preliminary) reached US$98,201 million, growing 3.6% YoY. Smartphone wholesale ASP continued the downturn track (declined 0.3% YoY) for the past four quarters in a row, standing at US$319.
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