-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueThe Path Ahead
What are you paying the most attention to as we enter 2025? Find out what we learned when we asked that question. Join us as we explore five main themes in the new year.
Soldering Technologies
Soldering is the heartbeat of assembly, and new developments are taking place to match the rest of the innovation in electronics. There are tried-and-true technologies for soldering. But new challenges in packaging, materials, and sustainability may be putting this key step in flux.
The Rise of Data
Analytics is a given in this industry, but the threshold is changing. If you think you're too small to invest in analytics, you may need to reconsider. So how do you do analytics better? What are the new tools, and how do you get started?
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - smt007 Magazine
Africa's Smartphone Market Surpasses Feature Phones for the First Time in Q1 2024
June 7, 2024 | IDCEstimated reading time: 1 minute
Africa's smartphone market showed remarkable resilience in the face of macroeconomic challenges and forex issues in Q1 2024, with shipments increasing 17.9% year on year (YoY) to reach 20.2 million units. That's according to the latest insights from International Data Corporation (IDC), with the firm's newly released Quarterly Global Mobile Phone Tracker showing that feature phone shipments declined 15.9% over the same period to total 18.8 million units. This marks the first quarter where smartphone shipments have surpassed feature phone shipments in Africa, highlighting a clear transition toward smartphones across the region.
"South Africa experienced healthy YoY growth in Q1 2024, driven by the rising popularity and availability of competitively priced Chinese brands with advanced features," says Arnold Ponela, a senior research analyst at IDC. "Meanwhile, Nigeria saw robust growth fueled by the success of Transsion brands and Xiaomi, particularly in the entry-level segment, which significantly boosted shipments. Kenya further strengthened its position as the third-largest smartphone market in Africa in Q1 2024, with innovative financing models like Mkopa driving sales growth."
In Q1 2024, Transsion brands (Tecno, Itel, Infinix) maintained their leading position in terms of smartphone market share, driven by their compelling entry-level device portfolio tailored to the African market. However, Samsung and Xiaomi gained market share on the previous quarter, driven by mid-range ($200<$400) models. Overall, shipments of smartphones in this price range increased in Q1 2024, while shipments of <$100 devices declined, indicating a growing consumer preference for feature-rich models.
Looking at 2024 as a whole, IDC expects Africa's smartphone market to see shipments increase 5.7% YoY, with a sustained upward trajectory for the next five years. "Africa remains a market with a high share of feature phones, although they are expected to gradually decline as the transition to smartphones gains momentum," says Akash Balachandran, a research manager at IDC. "This shift, coupled with rising demand, will be the key driver of overall growth in the smartphone market. Persistent inflationary pressures and escalating macroeconomic uncertainties may cause short-term fluctuations but will not impede the long-term transition."
Suggested Items
KLA Corporation Reports Fiscal 2025 Second Quarter Results
01/31/2025 | PRNewswireKLA Corporation announced financial and operating results for its second quarter of fiscal year 2025, which ended on Dec. 31, 2024, and reported GAAP net income of $824.5 million and GAAP net income per diluted share of $6.16 on revenues of $3.08 billion.
Amphenol Announces Q1 2025 Dividend
01/30/2025 | Amphenol CorporationAmphenol Corporation announced that its Board of Directors approved the first quarter 2025 dividend on its Common Stock in the amount of $0.165 per share at its meeting held on January 29, 2025.
Keysight, KD Partner to Advance Multigigabit Optical Automotive Ethernet Testing with New Signal Analysis Capability
01/30/2025 | Keysight TechnologiesKeysight Technologies, Inc. and KD, Inc., a fabless semiconductor company, have collaborated to create a comprehensive test for Multigigabit Optical Automotive Ethernet physical layer.
China’s Smartphone Market Rebounds with 5.6% Growth in 2024, Fueled by vivo and Huawei
01/30/2025 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China's smartphone market shipped 76.4 million units in 4Q24, a 3.9% year-on-year (YoY) increase.
Rising AI Infrastructure Demand Highlights Industry Shift Toward Cost-Effective Solutions as DeepSeek Gains Traction
01/30/2025 | TrendForceTrendForce’s latest investigations have revealed that the recent release of DeepSeek-V3 and DeepSeek-R1 underscores an industry-wide shift toward more cost-effective AI infrastructure.