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Apple Misses Out On Huge 2024 Smartphone Market Rebound, IDC Says

by Index Investing News
November 27, 2024
in Financial
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The most recent research highlights the uneven restoration of the smartphone market, which slumped within the post-Covid period regardless of the appearance of AI. A lot of that 2024 progress got here from pent-up demand and areas with decrease smartphone penetration, IDC stated. Extra inexpensive gadgets from Android distributors helped Chinese language manufacturers higher seize that chance, whereas Apple is forecast to fare higher subsequent 12 months. 

The addition of synthetic intelligence enhancements, an enormous theme among the many likes of Samsung Electronics Co., Apple and Alphabet Inc.’s Google, did not excite customers.

“Whereas GenAI continues to be a scorching matter and prime precedence for a lot of distributors, it’s but to affect demand considerably and drive early upgrades,” stated Nabila Popal, analysis director at IDC. “Extra investments are wanted to extend shopper consciousness and introduce a ‘will need to have’ function that can rush customers to the shop and create that tremendous cycle which everyone seems to be ready for.”



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