BEIJING – China”s smartphone shipments grew by 6.5 p.c 12 months on 12 months to 69.3 million items within the first quarter of 2024, knowledge from a latest business report confirmed.
Though this development determine was supported by a low comparability base 12 months, it marked the second consecutive quarter of development, including momentum to market restoration, in response to the report from world market analysis agency Worldwide Information Company (IDC).
The market noticed better-than-expected cargo figures, pushed primarily by sturdy development on the a part of each Honor and Huawei, whereas Lunar New Yr festivities within the first quarter additionally stimulated buying sentiment and demand for low- to mid-range gadgets, IDC mentioned.
The IDC report additionally said that folding gadgets have been seeing fixed and important development this 12 months. Total market development when it comes to foldable gadgets within the first quarter surged 83 p.c 12 months on 12 months, recording a staggering cargo quantity of 1.86 million items.
Within the high-end phase, the AI buzz and affect of foldable merchandise allowed Android smartphone distributors to additional differentiate themselves from Apple, garnering elevated curiosity from Chinese language customers, it added.