---
title: "Market Insight | BYD ELECTRONIC Surges Over 5%, Leading the Smartphone Industry Chain, Android Smartphone Shipments Expected to Further Recover in the Fourth Quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/217182025.md"
description: "The mobile industry chain collectively rose, with BYD ELECTRONIC up 5.85% to HKD 33.5, AAC TECH up 4.03%, Q TECH up 3.04%, and FIH up 2.25%. IDC data shows that in the third quarter of 2024, global smartphone shipments reached 316.1 million units, a year-on-year increase of 4.0%. It is expected that Android smartphone shipments will further recover in the fourth quarter, benefiting from new product releases and Double 11 promotions"
datetime: "2024-10-18T03:21:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/217182025.md)
  - [en](https://longbridge.com/en/news/217182025.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/217182025.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/217182025.md) | [繁體中文](https://longbridge.com/zh-HK/news/217182025.md)


# Market Insight | BYD ELECTRONIC Surges Over 5%, Leading the Smartphone Industry Chain, Android Smartphone Shipments Expected to Further Recover in the Fourth Quarter

According to the information from Zhitong Finance and Economics APP, the mobile industry chain collectively rose. As of the time of publication, BYD ELECTRONIC (00285) rose by 5.85% to HKD 33.5; AAC TECH (02018) rose by 4.03% to HKD 32.25; Q TECH (01478) rose by 3.04% to HKD 4.74; FIH (02038) rose by 2.25% to HKD 0.91.

On the news front, IDC data shows that in the third quarter of 2024, global smartphone shipments reached 316.1 million units, a year-on-year increase of 4.0%, marking five consecutive quarters of growth. According to previous estimates, global shipments in 2024 are expected to increase by 5.8% year-on-year to 1.23 billion units. AI-powered smartphones will achieve a 344% growth, capturing an 18% share of the entire market.

Debang Securities pointed out that entering the fourth quarter, consumer electronics are entering the traditional peak season. With the release of MediaTek Dimensity 9400 and Qualcomm's latest flagship SoC, Android phones from Xiaomi, Honor, OPPO, vivo, and others will intensively release flagship new products. Transsion's release of the InfinixAI personal assistant continues to enhance user experience. Huawei is also expected to successively update its Mate and Nova series product lines, with the HarmonyOS system already in public beta. Android manufacturers' AI layout at the system level and hardware function innovation are expected to continue to increase user willingness to upgrade, coupled with Double Eleven promotional activities, Android phone shipments in the fourth quarter are expected to further recover

### Related Stocks

- [FIH (02038.HK)](https://longbridge.com/en/quote/02038.HK.md)
- [Q TECH (01478.HK)](https://longbridge.com/en/quote/01478.HK.md)
- [AAC TECH (02018.HK)](https://longbridge.com/en/quote/02018.HK.md)
- [BYD ELECTRONIC (00285.HK)](https://longbridge.com/en/quote/00285.HK.md)

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