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Global Smartphone Market Will Rebound at +2% YoY Growth Rate in 2019

by Linda Sui | Sep 06, 2018

Strategy Analytics Wireless Smartphone Strategies (WSS) service issued the latest global smartphone sales forecast for 88 countries report and global smartphone shipment by vendor by region by quarter forecast report this week. We forecast global smartphone volume will see an annual decline in 2018, amid lengthening replacement cycle, increased smartphone prices, industry consolidation, saturated China and US market, as well as economic headwinds / uncertainties etc. However, we expect the downturn track will terminate and global smartphone market will come back with low single digit growth rate in 2019. Key markets, such as US and China will all see positive growth rate next year. Meanwhile, India will maintain double digit growth rate in the following three years.

Apple and Chinese vendors, including Huawei, Xiaomi, OPPO, vivo, Transsion etc., as well as HMD (Nokia) will be among the main vendors driving growth through 2019 with their comprehensive product portfolios.

WSS clients please click here to access our latest smartphone forecast reports.

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