European Smartphone Market Recovers for Second Consecutive Quarter, Shipments Up 10% Year-on-Year
European Smartphone Market Recovers for Second Consecutive Quarter, Shipments Up 10% Year-on-YearCALGARY, September 5, 2024 According to a market monitoring report by Counterpoint Research, the European smartphone market rebounded for the second consecutive quarter in Q2 2024, with shipments increasing by 10% year-on-year. This recovery is primarily attributed to continued macro-economic improvements and a resurgence in consumer demand
European Smartphone Market Recovers for Second Consecutive Quarter, Shipments Up 10% Year-on-Year
CALGARY, September 5, 2024 According to a market monitoring report by Counterpoint Research, the European smartphone market rebounded for the second consecutive quarter in Q2 2024, with shipments increasing by 10% year-on-year. This recovery is primarily attributed to continued macro-economic improvements and a resurgence in consumer demand.
The report reveals that smartphone shipments in Western Europe grew by 8% year-on-year, while Central and Eastern Europe experienced even higher growth at 12%. This signifies that the smartphone market in Europe is progressively shedding the effects of the pandemic and returning to its pre-pandemic growth trajectory.
Analysts attribute the European smartphone markets resurgence to a confluence of factors. Firstly, the European economy is gradually emerging from recession, boosting consumer confidence and encouraging greater spending on technology products. Secondly, smartphone manufacturers are continuously introducing new products and technologies, incentivizing consumers to upgrade their devices.
With the consistent recovery of the European smartphone market, it is anticipated that the market will maintain a steady growth trajectory in the foreseeable future.
Tag: European Smartphone Market Recovers for Second Consecutive Quarter Shipments
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.
