Smartphone Market Rebounds, Dense Android Releases Expected to Boost Sales

Smartphone Market Rebounds, Dense Android Releases Expected to Boost SalesMarket research firm Counterpoint Research released a report stating that global smartphone sales increased by 2% year-on-year in the third quarter of 2024, marking the first year-on-year growth in the third quarter since Q3 2018. This data suggests a gradual recovery in the smartphone market, and the upcoming fourth quarter is expected to see further sales growth driven by the dense release of new Android devices

Smartphone Market Rebounds, Dense Android Releases Expected to Boost Sales

Market research firm Counterpoint Research released a report stating that global smartphone sales increased by 2% year-on-year in the third quarter of 2024, marking the first year-on-year growth in the third quarter since Q3 2018. This data suggests a gradual recovery in the smartphone market, and the upcoming fourth quarter is expected to see further sales growth driven by the dense release of new Android devices.

I. Dense Releases of New Android Devices Could Spark Upgrade Demands

The fourth quarter of 2024 will see a wave of new product launches from Android phone manufacturers. Based on current information, several well-known manufacturers will be releasing new phones between October and November.

October:

• October 12th: OPPO released the OPPOK12Plus phone.

• October 14th: vivo officially launched the vivoX200, vivoX200Pro, and vivoX200Promini phones.

• October 15th: Huawei released a poster for its nova13 series of phones.

• October 16th: Xiaomi launched the new RedmiA45G phone in India.

November:

• Xiaomi 15 series

• Honor X60 series

• Huawei Mate70 series

Su Lingyao, an analyst at CICC, believes that the concentrated iteration and release of new Android devices from brands could drive user upgrade demand and boost sales.

II. Related Listed Companies:

1. Dongtianwei:

Dongtianwei primarily manufactures camera filters and optical communication components, widely used in consumer electronics, including smartphones. The company stated that Huawei is one of its product end customers, and Dongtianwei supplies Huawei with camera filters through module manufacturers. As new phones are released by Huawei and other manufacturers, Dongtianwei's camera filter products are expected to see new growth points.

2. Smartsens:

Smartsens' smartphone CIS products cover the mainstream needs of the current phone market, with resolutions ranging from 800,000 pixels to 50 million pixels. As the smartphone market recovers, Smartsens' CIS products are expected to gain a larger market share in the future.

3. Zhuoyikj:

Zhuoyikj's main business is providing research, development, production, and sales services for network communication, consumer electronics, and smart hardware products. The company's products are widely used in smartphones and other areas. With the release of new Android devices, Zhuoyikj's products are expected to find more applications, bringing new business growth to the company.

Conclusion:

The dense release of new Android devices in the fourth quarter of 2024 will inject new vitality into the smartphone market and drive an increase in sales. Related listed companies are expected to benefit from the smartphone market recovery and seize new development opportunities.