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Mobile Accessories Market to Cross $290 Billion by 2029: Wireless Earphones, Health Monitoring Smartwatches, and Wireless Charging Solutions Lead the 7.68% CAGR Surge [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
The global mobile accessories market is on an upward trajectory, with a forecast to exceed USD 290 Billion by the year 2029. This represents a substantial increase from the USD 188.14 Billion valuation in 2023, with a projected compound annual growth rate (CAGR) of 7.68% between 2024 to 2029. The increasing dependence on smartphones for a variety of daily functions, coupled with rising disposable incomes around the world, is driving the demand for mobile phone accessories. Consumers, now more than ever, are seeking methods to enhance their device's capabilities and aesthetics. The global market is experiencing a substantial rise due to the increased presence and integration of smartphones across various facets of life, from communication and productivity to entertainment. The growing global user base is opting for mobile phone accessories to personalize and improve their smartphone use. Additionally, higher levels of disposable income are enabling consumers to invest in premium and
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