Global foldable smartphone shipments increased 48% YoY in Q2 2024, driven by Western Europe, key Asian markets, and LATAM, with China leading the growth. HONOR was the biggest contributor in Western Europe, positioning it as the region's No. 1 brand. Motorola's Razr 40 series performed well in NAM and LATAM, resulting in a triple-digit YoY growth in the OEM's shipments.

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

Lam Research, a leading semiconductor equipment maker, is helping chipmakers scale 3D NAND Flash by providing innovative etch and deposition technologies. The company's solutions aim to overcome challenges in scaling beyond 400 layers to 1,000 layers over the next decade. Harmeet Singh, Group VP & GM of Etch at Lam Research, discussed the industry's push for memory density and performance in a recent interview.

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

TCL is endorsing its NXTPAPER display technology as a key differentiator for its smartphones and tablets to address eye strain caused by increasing screen time. The device features 5G connectivity, but its overall usability is limited, especially in mature markets. TCL has launched the TCL TAB 10 NXTPAPER 5G in the lower-mid-range segment, making a compelling move to stand out in the crowded market.

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

Smartphone shipments in the Middle East and Africa (MEA) region grew 3% YoY in Q2 2024, with Samsung maintaining its leading position and Xiaomi growing strongly. Transsion remained the largest OEM, but faces competition from Chinese brands in the lower-mid segment. LTE accounted for around half of smartphone volume, while 5G is rapidly growing.

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

Europe's smartphone market continued to recover for the second consecutive quarter, with a 10% year-over-year shipment growth in Q2 2024. Samsung and Apple's bounce-back from a low base in Q2 2023 drove growth, while TECNO grabbed the fifth spot for the first time, jumping from the tenth spot in Q2 last year. The recovery is attributed to sustained macroeconomic improvements and a seasonal uptick in the second half of the year.

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

Apple's global revenues are expected to reach a record high of $400 billion in 2024, driven by growth in both hardware and services segments. Hardware revenues are expected to grow 3% YoY, while services revenues are expected to grow 14% YoY. In 2025, services revenue is likely to surpass hardware revenue excluding iPhones.

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Qualcomm's Snapdragon processors power over 200 smartphones, PCs, and XR devices, establishing a cross-platform hardware ecosystem. The company showcased its cutting-edge technology and futuristic digital entertainment experiences at the 2024 ChinaJoy event. Qualcomm's AI hardware and software technologies make Snapdragon devices synonymous with advancement.

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The Display Supply Chain Consultants (DSCC) will host an in-person event, the AR/VR Display Summit, in Silicon Valley, gathering leading companies and experts to discuss the latest innovations in display technologies for Augmented Reality and Virtual Reality. The event will be held in-person for the first time and attendees will have access to recordings of the presentations after the event.

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The Display Supply Chain Consultants (DSCC) is recruiting speakers for the Display 360 Summit, which will take place on October 2nd. The event will cover various topics, including the display manufacturing roadmap, smartphone market outlook, IT display market trends, and automotive market developments. Interested speakers can submit their abstract to [email protected].

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Qualcomm has acquired Sequans Communications' 4G technology for $200 million, expanding its offerings in the LPWA segment. The deal enhances Qualcomm's performance and efficiency in the cellular IoT market. The acquisition provides Sequans with capital for 5G development. The deal is expected to close by the end of October 2024.

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