Global smartphone shipments will decrease by 5% in 2023 compared to 2022. This opinion was expressed by Goldman Sachs analysts, according to TechCrunch.

But in 2024 and 2025, the market is expected to grow. Goldman Sachs predicts that global smartphone shipments will increase by 3% next year and by 2% in 2025.

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Morgan Stanley analysts are also optimistic about the prospects for the global smartphone market in 2024-2025. They believe that new artificial intelligence capabilities on devices will drive growth in the smartphone market.

According to the investment bank Morgan Stanley, global smartphone shipments will grow by 3.9% in 2024 and by 4.4% in 2025.

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According to Counterpoint Research, the global smartphone market returned to growth in October 2023 after more than two years of decline. Monthly global smartphone sales increased by 5% in October. This is the first year-on-year increase since June 2021. That is, we are talking about a period of 27 months.