The global smartphone market is set to expand, with demand projected to exceed 1.2 billion units in 2024 and grow further by 2% to 4% in 2025, fueled by the rising shipment of affordable smartphones and AI advancements. Companies like Xiaomi and Samsung Electronics are enhancing AI features and optimizing supply chains to address geopolitical and inflationary issues while accounting for longer smartphone replacement cycles.

Pegatron posted NT$105.322 billion (approx. US$3.2 billion) in monthly revenue for January 2025, marking a monthly increase of 2.8%, according to the company’s latest financial report issued on February 10. Market analysts attribute this growth primarily to increased shipments in the company’s consumer electronic business. However, January revenue was down by 3.7% year-over-year, due to a drop in the communication business, and the ongoing transition of the company’s product portfolio.

Foxconn reported NT$538.666 billion (US$16.4 billion) in revenue for January 2025, marking a year-over-year increase of 3.16% despite the Lunar New Year holiday impact. The company expressed increased confidence in its first quarter 2025 outlook compared to December 2024 projections, suggesting continued momentum.