In a stunning display of economic resilience amid the global smartphone market slump, Saudi Arabia's smartphone shipments witnessed a remarkable 35% year-on-year surge during the second quarter of 2023, according to the latest research from Counterpoint.

This monumental growth marks the market's second consecutive quarter of expansion, driven by a favourable macroeconomic environment and an upswing in consumer sentiment, notably during the Ramadan sales season.

CHART: The global smartphone market fell for the eighth straight quarter in Q2 2023
The global smartphone market witnessed some intriguing twists in Q2 2023. According to the latest research from Counterpoint’s Market Pulse service, the market experienced an 8% YoY decline and a 5% QoQ dip, making it the eighth consecutive quarter of YoY shrinkage. But, amid this downturn, ther…

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