Global smartphone market to rebound with 4.2pc growth
Worldwide smartphone shipments are set to rebound to grow 4.2 per cent in 2017, compared to the markets lowest year-on-year return of 2.5 per cent in 2016, according to the latest report from IDC.
Shipments are forecast to reach 1.53 billion units in 2017 and grow to 1.60 billion in 2018 and 1.77 billion in 2021, resulting in a compound annual growth rate (CAGR) of 3.8 per cent over the 2016-2021 forecast, reports telecompaper.
In terms of platforms, IDC expects Android to continue to dominate, accounting for around 85 per cent of smartphone shipments and Apple making up the rest.
For Android the biggest markets driving volume continue to be the Middle East Africa, Central Eastern Europe and Asia/Pacific (excluding Japan), with average selling prices (ASP) in the USD150-USD200 range.
For iOS, 2016 was the first time Apple experienced a year-on-year decline in shipments with iPhone volumes falling 7.0 per cent, but the report predicts a strong rebound in iPhone volumes in 2017 rising 4.9 per cent year on year following the launch of its next set of devices with many rumoured technical changes as well as a strong push for the devices tenth anniversary.
