Business News of Friday, 1 November 2024
Source: businessinsiderafrica
The global smartphone market saw a 5% year-on-year growth in Q3 2024, reaching 309.9 million units, the strongest performance since 2021.
Samsung and Apple lead the market, holding 19% and 18% shares, respectively, followed by Xiaomi, OPPO, and Vivo.
The Asia-Pacific region experienced the highest growth at 10% YoY, while Latin America grew by 9%.
In contrast, markets in China and Africa saw more modest increases of 4% and 2%. North America grew by 1%, but the Middle East experienced a decline of 1%.