Technological innovation leads the mobile phone market back to the growth track, and major manufacturers are “rolling” overseas

On January 2nd, 2024, the mobile phone industry ushered in an important turning point globally, showing a positive development trend in terms of technological innovation, market expansion, and overall sales. This year, technological innovation has become an important driving force for industry growth, and breakthroughs in triple fold smartphones and AI technology have stimulated the demand for replacement phones. Mobile phone manufacturers are all “rolling” overseas, seeking new growth points. It is widely believed in the industry that the development of the mobile phone industry in 2024 will show a clear trend of differentiation. Top brands will continue to consolidate their market position through technological innovation and brand advantages, while small and medium-sized brands will seek breakthroughs in segmented markets through differentiation strategies. The application of technologies such as 5G, AI, and AR will promote the diversification and personalized development of products, making 2024 a major turning point for the mobile phone industry. (Securities Daily)

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