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A light at the end of the tunnel for the smartphone market.

Counterpoint Research reports that the 27-month dip might be at an end, after October saw the first YoY growth in sell-through volumes since June 2021 thanks to MEA, China, and India. Reasons for the dip included component shortages, lengthening replacement cycles, and an “uncertain macroeconomic environment.”

Shart showing global smartphone sell-through rate between 2021 and 2023
The smartphone industry’s recent dip.
Image: Counterpoint Research