According to Counterpoint Research, the global
Smartphone shipments for 2022 lowered to 1.24 billion units on economic headwinds from the previous forecast.
"Persistent
Moreover, as efforts to spread low and mid-priced 5G devices continue, the global market for 5G devices is expected to show healthy growth beginning in 2024.
Operators are actively promoting 5G, and the incentives in many markets are sufficient to entice consumers to adopt the new technology, according to the report.
The growth of premium smartphones will also be fuelled by new form factors such as foldable.
As more OEMs (original equipment manufacturer) enter the foldable segment, the market will see phone prices stabilise and the foldable segment grow in prominence alongside the 5G segment, the report added.
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