Apple Inc.'s iPhone shipments stabilized in the June quarter as the wider smartphone market accelerated its growth, according to independent research.

Bengaluru-based Indkal Technologies has entered into a brand licensing agreement with Taiwan-based Acer to produce and sell Acer smartphones in India. As per the agreement, Indkal will handle the design, manufacturing, and distribution of Acer-branded smartphones, with the launch expected in the coming months. This collaboration marks Acer's entry into the highly competitive Indian smartphone market.

Transsion, the dominant player in mobile phone markets across many emerging economies, is facing legal challenges from several Western companies, most notably Qualcomm, a company that rarely resorts to litigation.

On July 10, Samsung Electronics unveiled its new generation of foldable smartphones. Samsung announced the Galaxy Z Fold 6 and Flip 6 series, along with new products such as the Galaxy Watch Ultra, Galaxy Watch7, and the true wireless Bluetooth earphones Galaxy Buds3 Pro and Galaxy Buds3. Following the announcement, Samsung partnered with telecom and distribution partners to outline pre-sale and sales plans for these products on July 11.

Samsung's Galaxy Z Fold6 and Galaxy Z Flip6 models, which were unveiled at the Galaxy Unpacked Event 2024 in Paris on July 10, are the result of the integration of two significant industry trends: foldables and GenAI.

Both major SoC players, Qualcomm and MediaTek, have maintained an optimistic outlook since the beginning of the year. Apple, which initially projected lower sales for 2024, has sparked significant user interest following the unveiling of Apple Intelligence at WWDC. This has led Apple to revise its earlier estimates, adopt a more positive stance, and place additional chip orders.

Samsung Electronics held its Galaxy Unpacked 2024 event on the evening of July 10 in Paris, France. The company introduced its new generation of foldable phones, the Galaxy Z Fold 6 and Flip 6 series, new smartwatches Galaxy Watch Ultra and Galaxy Watch 7, and true wireless earbuds Galaxy Buds 3 Pro and Galaxy Buds 3. Samsung aims to create a brand-new mobile ecosystem through the "AI For All" concept, enhancing operational performance and providing consumers with a better mobile experience.

Xiaomi has officially opened its "lights-out" smart smartphone factory in Changping, Beijing.

The strengthening of shipment pull-ins for foldable smartphones from China has buoyed related chip component suppliers' sales performance, according to industry sources.

Largan Precision, a leading smartphone lens manufacturer, expressed caution regarding high-end mobile phone demand during its quarterly investor conference on July 11. Despite this, the company affirmed that its capacity expansion plans remain on track.

According to Omdia, 5G smartphones equipped with MediaTek processors experienced significant growth in the first quarter of 2024. Shipments increased by 53%, rising from 34.7 million units in the previous year to 53.0 million. In contrast, Snapdragon-powered devices remained relatively stable, with shipments only slightly increasing from 47.2 million to 48.3 million units over the same period.