Search

Worldwide smartphone shipments to grow 1.4% in 2018: Report

Monday, June 18, 2018
35
Separator
36
Separator
71
Separator
15
Separator
Print Print Email Email

Global shipments of smartphones are expected to reach a little over 1.49 billion units this year, up from 1.47 billion in 2017 -- a growth of 1.4 per cent, a report showed on Sunday.

The smartphone shipment numbers are likely to rise at a faster clip from 2019 onwards once the real-world 5G network is introduced, according to an industry consulting firm Strategy Analytics (SA), Yonhap news agency reported.

The poor showing is a repeat of numbers for 2016 and 2017 when annual growth was tallied at 1.8 per cent and 1.2 per cent, respectively.

This is in stark contrast to double digit growth posted in the years after 2007, when Apple first launched its iPhone.

The global research and consulting firm said the drop in shipments and sales is mainly due to overall improvements in the capabilities of the latest handsets and a longer replacement cycle for recent phones. 

Greater smartphone penetration across the globe and higher unit cost also may be having effect on consumer demand, it said.

SA, however, predicted that, starting in 2019, there may be an upshift in demand for smartphones as the much quicker and more stable 5G networks come online, requiring new mobile devices to fully take advantage of the new developments.

It said that in 2019, the worldwide market for smartphones may expand 3.5 per cent on-year followed by 4.4 per cent growth in 2020 and 4.9 per cent in 2021. 

By 2023, it said growth will be around 4.1 per cent, with companies churning out 1.86 billion phones per year.

Read more news:

Dailyninja Receives $3 Million Funding from Saama & Sequoia Capital


Source: IANS
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Previous
Next