Generative AI smartphone shipments to grow to 522 mn units by 2027: Counterpoint

NEW DELHI: Shipments of generative artificial intelligence or GenAI smartphones will top over 100 million units in 2024, and grow at a compound annual growth rate (CAGR) of 83% to reach 522 million units by 2027, according to the preliminary data released by Counterpoint Research on Wednesday.

Similar to its performance in foldables, Samsung is expected to capture almost a 50% share for the next two years followed by key Chinese original equipment makers (OEMs) Xiaomi, Vivo, Honor and Oppo, as per the research firm. It noted that GenAI will play a key role in helping OEMs to differentiate their devices.