GenAI Smartphones Dominate Market
Unprecedented Growth and Revenue
WEB GenAI smartphones are poised to capture an impressive 18% of the 2024 market, according to Counterpoints Market. This remarkable achievement is the culmination of significant growth in both revenues and shipments, which surged by an impressive 8% YoY in Q2.
Analysts anticipate GenAI-capable smartphones to contribute a substantial 11% to the overall smartphone market by 2024. As innovative use cases emerge, consumer demand for these devices continues to rise.
Sustained Momentum and Dominance
GenAI-capable smartphones already accounted for a notable 61% of global smartphone sales in Q1 2024, marking a significant increase from 13% in Q4 2023. This trend is projected to continue, with IDC forecasting a staggering 3636% YoY growth in GenAI smartphone shipments in 2024, reaching an estimated 2342 million units.
The IDC report, "Worldwide Generative AI Smartphone Forecast 2024-2028", predicts that GenAI smartphones will constitute 19% of the overall market by 2024, solidifying their dominance in the industry.
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