Q2 2024: Vivo: The Fourth Largest Smartphone Vendor
Vivo's smartphone volumes grew 20% YoY in Q2 2024, re-entering the top five, with profit up despite revenue growth lagging due to lower ASP.
Vivo’s global smartphone volumes grew 20% YoY in Q2 2024. It re-entered the top five global smartphone rankings which it left last quarter. Revenue growth was less than volume growth for the quarter due to the low double digit ASP decline. The operating profit grew for the quarter both annually as well as sequentially.
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