China's Smartphone Market Accelerates Upmarket Shift: Strong Growth in the $600+ Segment
China's Smartphone Market Accelerates Upmarket Shift: Strong Growth in the $600+ SegmentThe Sci-Tech Innovation Board Daily reported on August 14th that according to a report by market research firm Counterpoint Research, China's smartphone market is accelerating its upmarket shift in the first half of 2024. The report shows that the segment exceeding $600 in sales grew by 8% year-on-year, while the overall market grew by 4%
China's Smartphone Market Accelerates Upmarket Shift: Strong Growth in the $600+ Segment
The Sci-Tech Innovation Board Daily reported on August 14th that according to a report by market research firm Counterpoint Research, China's smartphone market is accelerating its upmarket shift in the first half of 2024. The report shows that the segment exceeding $600 in sales grew by 8% year-on-year, while the overall market grew by 4%. This suggests that consumers are demonstrating a strong preference for high-end smartphones, driving the premiumization trend in China's smartphone market.
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