IDC’s Post

Market share of used and refurbished smartphones in Europe expected to go above 10% next year and grow to 15% by 2030 https://lnkd.in/edEkXFcu Interesting consumer insights article from Think with Google here: https://lnkd.in/eDXCiEBi

Despite a 60% year-on-year rise in adoption, Foldable Smartphones still comprise just 1% of total smartphones owned across the UK, Germany, France, Italy, Spain, the US, and Australia. Loyalty to the product category also appears to be lacking. Of the Foldable owners who upgraded their phone in the last 12 months, 55% chose to move back to a conventional #smartphone. For more info read the full article 👉https://lnkd.in/e87MauwU Worldpanel by Kantar #tech #technology

🚀 Have you noticed how many things smartphones have replaced? 📱 From the era of basic communication to being our pocket-sized Swiss Army knives, smartphones have revolutionized our lives! 💡 Here's a list of some of the things that smartphones have replaced. Follow- Vishal Vishwasrao Patil Like and follow for more tech insights and innovations! 🔥 #Smartphone #TechRevolution #Innovation #DigitalTransformation #MobileTechnology #LifeUpgrade #LinkedInPost #LikeAndFollow

Budget-Friendly Options: Best Smartphones Under $500 https://lnkd.in/gSDSb6cD Explore our guide to the best smartphones under $500, featuring a lineup of budget-friendly options that deliver top-notch performance. #SmartphonesUnder$500 #Technology #AffordableMobileDevices #BestValuePhones #AI #AINews #AnalyticsInsight #AnalyticsInsightMagazine

#Samsung's home country is the priciest smartphone market in the world Samsung Electronics has been the world's biggest #smartphone brand for years now in terms of number of #smartphones it sells every year. However, it is Apple that makes the most profit and sells the costliest smartphones on average. But what about which countries buy the costliest smartphones? Well, a new report from market analysis firm TechInsights shows which countries have the highest smartphone ASPs (Average Selling Price). According to the new report, #SouthKorea, home to Samsung, is the country with the world's highest smartphone ASP. It means South Korean consumers, on average, buy the costliest smartphones. Earlier, that market was #Japan, but South Korea overtook it in 2020 and is expected to keep growing in the coming years. Thanks again to Asif Iqbal Shaik and SamMobile for the full article with more background and insights via the link below 💡🙏👇 https://lnkd.in/ewmjTEyC #semiconductorindustry #semiconductors #semiconductor #mobile #it #mobilephone #phone #consumerelectronics #technology #tech #ai #5g

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Samsung’s #GalaxyS24 Series Dominates #GenAI-capable #Smartphone Market in Q1 2024 📱 GenAI-capable smartphones contributed 6% to global smartphone sales in Q1 2024. 📱 Premium smartphones (wholesale price >$600) accounted for over 70% of GenAI-capable smartphone sales in Q1. 📱 Samsung Galaxy S24 Ultra was the best-selling GenAI-capable smartphone, commanding over 30% market share, more than the combined share of the next two smartphones. 📱 Chinese brands captured six positions in the top-10 list. Chinese brands’ strategy to focus on their home market first has led to #China becoming the world’s largest GenAI-capable smartphone market, capturing one-third of the global market. Further details here: https://lnkd.in/gU-XjWXu

According to IDCs’ latest forecast, worldwide shipments of used smartphones are set to hit 309.4 million units in 2023, while projecting a robust upward trend in 2027. While the new smartphone market faces challenges, the demand for used smartphones remains resilient. Read more on the evolving dynamics of the global smartphone market: https://lnkd.in/g_w_V2Rk #Smartphones #IDCInsights #TechTrends Bryan Ma Kiranjeet Kaur Will Wong Navkendar Singh Kitty Fok Ryan Reith Nabila Popal Anthony Scarsella

The rapid adoption of on-device GenAI capabilities and AI processors will eventually become a standard requirement for smartphone vendors. Gartner estimates 240 million GenAI smartphones will be shipped by the end of 2024 (22% of basic and premium smartphones in 2024). However, this ubiquity will pose challenges for vendors in differentiating themselves from competitors, making it harder to create unique selling points and drive increased revenues.

According to IDCs’ latest forecast, worldwide shipments of used smartphones are set to hit 309.4 million units in 2023, while projecting a robust upward trend in 2027. While the new smartphone market faces challenges, the demand for used smartphones remains resilient. Read more on the evolving dynamics of the global smartphone market: https://lnkd.in/g_w_V2Rk #Smartphones #IDCInsights #TechTrends Zachary Candy