Https Www Electronicsweekly Com News Business 846003 2024 08
Https Www Electronicsweekly Com News Business 846003 2024 08
GenAI Smartphones Dominate Market
Unprecedented Growth and Revenue
WEB GenAI smartphones are poised to capture an impressive 18% of the 2024 market, according to Counterpoints Market. This remarkable achievement is the culmination of significant growth in both revenues and shipments, which surged by an impressive 8% YoY in Q2.
Analysts anticipate GenAI-capable smartphones to contribute a substantial 11% to the overall smartphone market by 2024. As innovative use cases emerge, consumer demand for these devices continues to rise.
Sustained Momentum and Dominance
GenAI-capable smartphones already accounted for a notable 61% of global smartphone sales in Q1 2024, marking a significant increase from 13% in Q4 2023. This trend is projected to continue, with IDC forecasting a staggering 3636% YoY growth in GenAI smartphone shipments in 2024, reaching an estimated 2342 million units.
The IDC report, "Worldwide Generative AI Smartphone Forecast 2024-2028", predicts that GenAI smartphones will constitute 19% of the overall market by 2024, solidifying their dominance in the industry.
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