Global smartphone market to shrink in 2019

Wednesday, 16 January 2019, 04:37 Hrs
26
cmt right
22
Comment Right
30
cmt right
7
cmt right
Printer Print Email Email
Global smartphone market to shrink in 2019


The global smartphone market is expected to shrink further in 2019 due to weaker demand and other unfavourable factors, a report said on Tuesday.

Global smartphone production is expected to reach 1.41 billion units this year, down 3.3 per cent from the previous year, according to the report from TrendForce, a leading market intelligence provider.

Replacement demand is likely to slacken this year due to a lack of devices with landmark functions, TrendForce said, adding global smartphone output could drop as much as 5 per cent on-year due to the uncertainty and fallout from the ongoing trade war between the US and China, Yonhap news agency reported.

Samsung Electronics Co is projected to grab the leading market share of 20 per cent this year, followed by Huawei with 16 per cent and Apple Inc with 13 per cent.

Among the top three industry players, Huawei will likely become the only company to post positive growth in smartphone production.

Samsung's smartphone output is predicted to shrink 8 per cent on-year to 293 million units, with Apple's production likely to fall 15 per cent to 189 million.

Earlier, another industry tracker, Strategy Analytics, predicted global smartphone shipments to come to 1.43 billion this year, down 0.6 per cent from a year earlier.

Strategy Analytics forecast a market share of 20.3 per cent for Samsung, 16.1 per cent for Huawei and 14.4 per cent for Apple.

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas.

Samsung plans to roll out its Galaxy M mid-range and low-end smartphones in India at the end of this month and unveil its Galaxy S10 flagship smartphone and foldable smartphone in San Francisco next month in a bid to create new demand and outperform Chinese rivals.



Read More news:



LG joins Microsoft to accelerate autonomous vehicles business



'AI in activity trackers, smartwatches threatening privacy of health data'


Source: IANS
SPOTLIGHT
Business
Automobile major MG Motors India on Wednesday said that it plans to manufacture electric vehicle E..
Finance
India's tea exports increased by 11.5 per cent to 17.93 million kgs in April this year aga..
Gadgets
Yamaha Music India has launched its first Indian keyboard PSR I500 under the 'Make in India' initi..
Career
Les Roches Global Hospitality Education, a multi-national hospitality management institute, a..
Technology
To ensure uninterrupted functioning of the app in areas of low networks, Facebook-owned..
Startup City
With cities growing rapidly and infrastructure not keeping pace, the daunting work com..
Entertainment
Actor Dhanush, whose last Hindi release was R. Balkis "Shamitabh", may be working in another H..
Travel
Imagine life being a romantic Bollywood song of the 90's. All those exotic frames punched into one..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will ..