Global 5G handset shipments grew 20% YoY in H1 2024, with India overtaking the US to become the second-biggest 5G market. Apple led the 5G handset shipments globally, accounting for over 25% share. The Caribbean and Latin America (CALA) was the fastest-growing region in terms of 5G shipments, accounting for 14% of global net adds in H1 2024.

Source: https://www.counterpointresearch.com/insights/

Europe's smartphone sales have returned to growth after a few years of decline, driven by improving macroeconomic conditions, consumer upgrades, and innovation in the smartphone market. The growth is attributed to 2023 being a particularly bad year, and many consumers are finally upgrading their devices after holding on to their old ones for longer than usual.

Source: https://www.counterpointresearch.com/insights/

Global TV shipments grew 3% YoY in Q2 2024 to reach 56 million units, driven by a 13% growth in the European market. Premium TV shipments surged 45% YoY, with Mini LED LCD TVs leading the growth. OLED TV shipments saw YoY growth, but their market share remained low.

Source: https://www.counterpointresearch.com/insights/

Counterpoint analysts will be attending SEMICON India 2024 from September 11 to 13 at India Expo Mart, Greater Noida. The event will take place from 10 am to 6 pm on September 11 and 12, and 10 am to 5 pm on September 13. The India Semiconductor Mission, led by the Ministry of Electronics and Information Technology, is driving the growth of India's semiconductor industry, attracting investments from industry leaders like AMD, Applied Materials, and Micron Technology.

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Counterpoint analysts will attend IFA Berlin 2024 from September 6 to September 10, where attendees can schedule meetings to discuss the latest TMT trends and learn how Counterpoint's research and services can benefit their business. Peter Richardson, Vice President of Research, and Jan Stryjak, Associate Director, will be present. The event takes place at Messe Berlin.

Source: https://www.counterpointresearch.com/insights/

Global budget smartphone sales grew 10% YoY in Q2 2024, with 100 million units sold, driven by emerging markets. Xiaomi and Samsung led the budget smartphone market, with Xiaomi's Redmi 13C 4G being the bestseller. 5G devices accounted for 24% of the budget segment, a 2.5 times annual volume increase.

Source: https://www.counterpointresearch.com/insights/

Samsung's Galaxy A05 and Galaxy A15 models topped the list of best-selling smartphones in LATAM for Q2 2024, followed by Motorola's refreshed low-price devices. Xiaomi's Redmi Note 13 and Redmi 13C models also joined the top 10. The iPhone 13 replaced the iPhone 11 in the top 10, despite a 10% decline in sales. The top 10 smartphones accounted for over 30% of the region's total sales, a 300 basis point decrease from Q2 2023.

Source: https://www.counterpointresearch.com/insights/

Samsung's Galaxy A05 and Galaxy A15 models topped the list for Q2 2024, followed by Motorola's refreshed low-price devices. Xiaomi's Redmi Note 13 and Redmi 13C models joined the top 10, while the iPhone 13 replaced the iPhone 11 in the top 10 despite a 10% sales decline. The top 10 best-selling smartphones in LATAM accounted for 3,300 basis points lower sales volume compared to Q2 2023 due to increased competition.

Source: https://www.counterpointresearch.com/insights/

US smartphone sales increased 5% YoY in July, driven by Samsung and Motorola. Samsung's sales rose by almost a quarter YoY, while Motorola's sales increased 42% YoY. Apple's sales were down 4% YoY due to prepaid channel weakness.

Source: https://www.counterpointresearch.com/insights/

Global smartphone shipments are expected to grow 5% YoY in 2024 to reach 1.23 billion units, driven by improving macroeconomic conditions in Latin America, Southeast Asia, and Eastern Europe. The introduction of GenAI-based devices will contribute to this growth, with Apple's GenAI-capable iPhone launches expected to extend the growth momentum through 2025. Steady upgrades to smartphones and from LTE to 5G in emerging economies will also drive long-term growth.

Source: https://www.counterpointresearch.com/insights/