TechInsights: The global smartphone shipments and sales in August increased by 3% and 2% year-on-year respectively, with the recovery slowing down.

According to data from TechInsights, global smartphone shipments (wholesale) and sales (retail) in August 2024 increased by 3% and 2% year-on-year, respectively. The industry as a whole saw a positive difference in inventory that was attributed to an increase in inventory by major OEM manufacturers in China. Samsung maintained its position as the champion in both shipments and sales, with Apple Inc. (AAPL.US) and Xiaomi (01810) following closely behind in second and third place. Year-on-year growth rates for global smartphone wholesale (shipments) and retail (sales) volumes.