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Smartphone growth continues to surge in Q2 2024 results thanks to AI
Analysts say optimism in the smartphone market has to do with artificial intelligence.
The International Data Corporation (IDC) and Canalys both released preliminary results for the worldwide smartphone shipments in the second quarter of 2024, reporting overall growth. "Since early 2024, easing inflation in emerging markets across Asia-Pacific, the Middle East, Africa, and Latin America has stimulated shipment growth in the mass-market price segment," said Canalys analyst Sheng Win Chow. This year's Galaxy S24 Ultra was an impressive phone with a tiny asterisk since it had aging cameras that are starting to fall behind Apple and Google's competing sensors.
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