Generative AI smartphones’ market share to reach 40% by 2027: Counterpoint

Share of Generative AI smartphones in the market is expected to double by next year, and it is likely to surpass 40 per cent by 2027 – according to a report by Counterpoint. In a report published on December 20, the smartphone market tracker stated that the year 2024 will be pivotal for GenAI smartphones with data indicating shipments to reach over 100 million. Additionally, the report stated, shipments for GenAI smartphones are expected to reach 522 million units by 2027, growing at a CAGR of 83 per cent.

Explaining the GenAI smartphones, Counterpoint said these are devices that use Generative-AI to create original content rather than being restricted to performing predefined tasks and providing pre-programed responses.