Huawei smartphone business may achieve double-digit growth in 2024: TechInsights

TechInsights recently released a new report regarding major trends in 2024 smartphone business and predicted that Huawei could achieve double-digit growth this year. The report also said that the Chinese tech maker may retain its position in the global market.

According to the details, Huawei could make a surprise comeback in the 2024 smartphone business with a new growth level. The researchers believe that the tech giant is successfully launching 5G Kirin chips and phones like Mate 60 Pro in the native region, which will help it in returning to the top position.

On the other hand, the constant additions of new technologies into handsets and other devices will aid Huawei in achieving its fame in the global market.

Eventually, the estimation says that Huawei will likely improve its supply chain and shipment segments this year. Hence, the Chinese firm is on track and will soon gain double-digit growth in its smartphone business.

Major Smartphone Trends in 2024

Apart from Huawei, the TechInsights report mentioned significant trends that will raise the smartphone market in 2024. The list counts the rise of AI-generative devices, brighter displays, bigger RAMs, Human-centric features, and satellite connectivity technology.

AI in smartphones will grab the center stage this year. The report suggests that new techs will enable one to opt for multiple processes without even the internet. Besides, the display parameters will touch new heights and may reach around 4500nits peak brightness.

In addition, features like RAM and health-based functionalities will also play a significant role in uplifting the smartphone market standard. Finally, the popular satellite connectivity will be a major subject in which Huawei has already excelled with ultimate grades.

After the U.S. ban, Huawei has faced many ups and downs in the smartphone business. However, the release of Mate 60 Pro and Kirin chips put it back in the race. In recent times, we also heard that the company will boost its folding phone shipment.

Moreover, the company is keeping its steps in every trending aspect such as large language AI models, better display techs, and more. Thus, Huawei is likely to be ready to make a strong comeback in 2024.

(Source)