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Global smartphone sales rebound in October after declining for more than 2 years: Counterpoint - TL;DR CNBC

Global smartphone sales rebound in October after declining for more than 2 years: Counterpoint

Publishing timestamp: 2023-11-23 01:54:40


Summary

The global smartphone market grew 5% in October, ending a 27-month contraction. The growth was driven by recovery in emerging markets, Huawei's comeback in China, and the launch of Apple's iPhone 15. Emerging markets saw continuous recovery, while developed markets with higher smartphone saturation had slower growth. Huawei and Apple were among the top smartphone makers, and Counterpoint Research expects the market to continue growing in the fourth quarter, setting the stage for gradual recovery in the coming quarters.


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Keywords: technologyxiaomi corpworld economyapple incbreaking news: businessbusiness newsretail industrybreaking news: technologyworld markets

Source: https://www.cnbc.com/2023/11/23/global-smartphone-sales-rebound-after-a-2-year-slump-counterpoint.html


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