Print Edition - 2018-06-01 | MONEY
Smartphone market to stay cool this year
-, SAN FRANCISCO
Jun 1, 2018-
Internati-onal Data Corporation forecast on Wednesday that global smartphone sales would cool this year before heating up with help from new 5G networks and India’s vibrant market.
An IDC Worldwide Mobile Phone Tracker expected smartphone sales to slip two-tenths of a percent this year to total 1.462 billion in a second straight year of slight decline.
But IDC predicted that the smartphone market would reignite next year, growing about 3 percent annually to 1.654 billion in the year 2022.The “biggest driver” of the downturn last year was said by IDC to be the China market, which it expected to be down 7.1 percent this year after shrinking 4.9 percent last year.IDC forecast that the smartphone market in China would flatten out next year, while sales in India were expected to continue to boom on low-priced handsets sold by Chinese companies.
“China remains the focal point for many given that it consumes roughly 30 percent of the world’s smartphones,” IDC Worldwide Quarterly Mobile Device Tacker program vice president Ryan Reith said in a release. (AFP)
Published: 01-06-2018 08:23