Global sales of budget smartphones (under $150) grew 10% YoY in Q2 2024, surpassing 100 million units and contributing to 37% of global smartphone sales. This recovery was driven by emerging markets and the rapid integration of high-end features into affordable devices. The top 10 best-selling budget smartphones, led by Xiaomi, Samsung, and OPPO, accounted for 25% of the segment. The market is also seeing a shift towards 5G, with 24% of budget smartphones featuring 5G, driven by strong growth in India and China. The Xiaomi Redmi 13C 5G became the first 5G budget phone to enter the top 10 rankings.
Read more – https://www.counterpointresearch.com/insights/top-10-budget-smartphones-q2-2024/
