Markets

Sri Lanka Smartphone Market Grows 218% in Q2 2024, Led by Honor and ZTE

Sri Lanka’s smartphone market experienced a remarkable surge, with 365,000 units shipped in Q2 2024, marking a 218% year-over-year (YoY) growth, according to the International Data Corporation (IDC). This triple-digit growth trend has continued for five consecutive quarters. The surge coincided with major celebrations such as Sinhalese New Year, Vesak Poya, and Poson, during which

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