Smartphones grow 4x faster than the population - Electronic Products & Technology

Smartphones grow 4x faster than the population - Electronic Products & Technology

In 2024, people worldwide bought around 260 million new smartphones. While still a huge number, this is the second-lowest annual increase in a decade and a fivefold drop from the 2017 peak. But despite this slowdown, smartphones continue to grow at an astonishing pace, far outpacing global population growth. According to data from Stocklytics.com, the number of smartphones in use has surged by 1.5 billion over the past five years, four times mor…

Smartphones are growing four times faster than the population

In 2024, people worldwide bought around 260 million new smartphones. While still a huge number, this is the second-lowest annual increase in a decade and a fivefold drop from the 2017 peak. But despite this slowdown, smartphones continue to grow at an astonishing pace, far outpacing global population growth. According to data from Stocklytics.com, the number of smartphones in use has surged by 1.5 billion over the past five years, four times mor…