Last updated on December 8th, 2022 at 02:52 pm
In general, over the year – by 5.5%
Smartphone shipments will grow 13.9% in the current quarter over the same period last year, according to analyst firm IDC. In general, this market will grow by 5.5% over the year. Growth will be driven by continued recovery in demand and increased supply of 5G-enabled devices, analysts said. IDC expects the global smartphone market to grow at a CAGR of 3.6% from 2020 to 2025.
Smartphone shipments to grow 13.9% this quarter, according to IDC
China and the United States, the two largest geographic markets, are forecast to grow 5.0% and 3.5% this year. Despite the 10-11% decline recorded in both markets in 2020, the development of 5G and the success of the recently launched iPhone models are expected to help boost sales.
In other words, 5G is seen as a driving force. Analysts believe that 5G smartphones will account for more than 40% of all shipments in 2021, and this figure will increase to 69% by 2025. Growing competition will cause the average selling price of devices with support for fifth-generation networks by the end of the forecast period, that is, by 2025, to $ 404.