Smartphone shipments to fall by 0.8%

Worldwide smartphone volumes are forecast to fall by 0.8% in 2019 with volumes dipping to 1.39 billion units according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.

However, the smartphone market will begin to pick up momentum this year with year-over-year growth of 2.3% expected in the second half of the year. Over the long term, smartphone shipments are forecast to reach 1.54 billion units in 2023.

Ryan Reith, program vice president with IDC’s Worldwide Mobile Device Trackers said, “There is no question industry growth has been down for reasons that have already been identified – longer replacement cycles, a challenged China market, and geopolitical headwinds – but it is shortsighted to overlook the possibilities of some important technology advancements that are within reach with 5G probably being the most significant.”

The current year is expected to witness a new high for technological innovation with the introduction of foldable devices and 5G smartphones. Marketing buzz around 5G is in its early stages but expected to ramp up quickly. And while use cases for upgrading to a 5G device/service remain unclear, it is evident that after 2019 the adoption will begin to attain significant numbers. IDC currently expects 5G smartphone shipments to account for roughly 1 out of every 4 smartphones shipped globally in 2023.

 

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