The smartphone market in Latin America saw rapid growth in Q1 of 2024, reveals Canalys. According to the latest market analysis, shipments increased by 26% on a yearly basis.
This is the third consecutive quarter that saw a YoY increase after a huge decline in 2022. The region saw 34.9 million units shipped, and Canalys revealed that nine out of the top ten companies saw an increase in sales.
Particularly notable is the strong performance in the low-to-mid-end segments, the analists added. This includes the cheaper Galaxy A series, Xiaomi Redmi devices and Moto G phones.
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