China’s Local Government Subsidies Boost Global Smartphone Production, Driving a QoQ Growth of 9.2% for 4Q24 and Coming to a Total Annual Volume of 1.224 Billion Units

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2025-03-06

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TrendForce reports that global smartphone production grew by 9.2% QoQ in 4Q24, driven by Chinese local government subsidies and Apple's new device launches. Apple took the top spot with new model production, while Samsung declined due to intensified competition. For the full year 2024, global smartphone production increased by 4.9% YoY. Looking ahead to 2025, overall production is expected to maintain slight growth, despite uncertainties from a sluggish economy and political variables.

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