Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Traders Bet Against Bitcoin Rally as Funding Rates Slide on Binance

July 7, 2025

Bitcoin (BTC) Price Prediction for July 8

July 7, 2025

Ethereum (ETH) Just Hit Another All-Time High, Here’s What It Pertains To

July 7, 2025

XAUT Holders Soar 172% in Gold-Backed Token Frenzy

July 7, 2025

Crypto.com Custody Brings Institutional Power to TON Blockchain

July 7, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Traders Bet Against Bitcoin Rally as Funding Rates Slide on Binance

    July 7, 2025

    XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

    July 7, 2025

    Ethereum Eyes 16.7M Gas Cap Under Vitalik Buterin’s New Proposal

    July 7, 2025

    Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

    July 7, 2025

    BioMatrix Surpasses 5 Million Verified Users, Setting New Standards for Real Human Engagement in Web3

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » AI » Smartphone sales to rebound on AI gains, Morgan Stanley says
AI

Smartphone sales to rebound on AI gains, Morgan Stanley says

Crypto Observer StaffBy Crypto Observer StaffDecember 1, 2023No Comments3 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Smartphone sales will mount a comeback starting in 2024, defying growing warnings of a prolonged slump across the mobile sector, according to separate projections by Goldman Sachs and Morgan Stanley reviewed by TechCrunch.

Morgan Stanley’s report predicts global smartphone shipments will rebound by nearly 4% in 2024 and by 4.4% in 2025, shrugging off comparisons to the PC industry’s multi-year downdrafts.

Driving the smartphone turnaround will be new on-device AI capabilities unlocking fresh demand, Morgan Stanley says. The investment bank raised its projections for 2025 worldwide phone volumes, citing the sizable potential of so-called edge AI to enable advances from enhanced photography to speech recognition while protecting user privacy.

Smartphone makers including Apple, Vivo, Xiaomi and Samsung have already started to express their bullishness on AI. Vivo’s new X100 with on-device AI saw explosive sales, while Xiaomi touted 6x usual volume for its AI-packed flagship. Samsung plans built-in generative AI for 2024 models, aiming to offer ChatGPT-style features processed directly on phones, not the cloud.

“The largest pushback is that there is no visibility on when the ‘killer app’ will be developed. If we take desktop internet and mobile internet as examples, the emergence of a new killer app usually comes 1-2 years after the initial breakthrough,” Morgan Stanley wrote in a report this week.

“While there is no guarantee that the killer app in Edge AI will follow the same timetable, the emergence of Microsoft’s CoPilot as the potential PC AI killer app could set the early foundation for popularizing AI at the edge (implying AI features/function on the device, not relying on cloud), and help to give investors confidence that a similar, but different, killer app for the smartphone will also emerge.”

Goldman Sachs estimates that global smartphone volumes in 2023 will end at a 5% y-o-y dip to 1.148 billion units, down from an estimated 1.206 billion phones shipped last year. The 2023 decline would mark a second straight annual drop following much steeper falls in 2022.

But Goldman said momentum will rebuild in 2024 and 2025, fueled by new product launches. It forecasts worldwide smartphone shipments rising 3% to 1.186 billion in 2024, then climbing another 5% to 1.209 billion in 2025.

“With the holiday season and continuous restocking, along with better guidance from the supply chain on a market recovery, we revised up 2023-25E smartphone shipments; however, we continue to expect low single digit growth in 2024-25E, and global smartphone shipment to gradually get back to the 2022A level by 2025E,” Goldman Sachs analysts wrote.

The brightening mobile outlook diverges from consensus views that maturing smartphones face similar inertia and substitution threats as personal computers over the last decade. But Morgan Stanley said replacement cycles and use cases still favor mobile phones.

“Tablets and smartphones have been taking share from PCs since 2011. In other words, PC shipment declines have been caused by the emergence of new devices, not the disappearance of demand in general. We do not see smartphones facing a similar substitution risk from technologies like AR/VR anytime soon. Smartphone replacement cycles are shorter because they are used more frequently and have smaller batteries. Use cases for smartphones are still expanding, with Edge AI set to unlock a new wave of innovation.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

CoreWeave acquires data center provider Core Scientific in $9B stock deal

July 7, 2025

Tennis players criticize AI technology used by Wimbledon

July 7, 2025

AI is forcing the data industry to consolidate — but that’s not the whole story

July 7, 2025

‘Improved’ Grok criticizes Democrats and Hollywood’s ‘Jewish executives’

July 6, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Traders Bet Against Bitcoin Rally as Funding Rates Slide on Binance

July 7, 2025

Bitcoin (BTC) Price Prediction for July 8

July 7, 2025

Ethereum (ETH) Just Hit Another All-Time High, Here’s What It Pertains To

July 7, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

July 7, 2025

Ethereum Eyes 16.7M Gas Cap Under Vitalik Buterin’s New Proposal

July 7, 2025

Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.