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Wednesday, May 15, 2024

Phone market on course for contraction

Thailand Mobile Expo 2023 is taking place at the Queen Sirikit National Convention Center until Sunday. (Photo: Somchai Poomlard)

The Thai smartphone market is expected to contract by double digits this year because of an unfavourable economy and declining consumer purchasing power in the second and third quarters, say an expo organiser and mobile phone vendors.

The smartphone market is projected to improve in the fourth quarter, helped by new flagship phones becoming available.

Opas Cherdpunt, chief executive of M Vision Plc, the organiser of Thailand Mobile Expo 2023, said the local smartphone market has declined,…

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