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

14:34 25/09/2024

According to data from TechInsights, global smartphone shipments and sales in August 2024 are expected to increase by 3% and 2% respectively compared to the previous year.

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.

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Oil price breaking through resistance levels sends a new signal: the market is pricing in a "protracted battle," with US oil hitting a 20-month high.

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