The broader smartphone rebounded. Apple lagging.
![apple iphone slump 15 April 2024 2](https://images.forexlive.com/images/apple%20iphone%20slump%2015%20April%202024_id_a166319f-c9a1-4ddb-9dce-c1badeb1294a_size900.jpg)
The table comes from the IDC report:
- global smartphone shipments increased 7.8% year over year in the first quarter of 2024
- While the industry is not completely out of the woods, as macroeconomic challenges remain in many markets, this marks the third consecutive quarter of shipment growth, a strong indicator that a recovery is well underway.