An updated forecast for the worldwide smartphone market from IDC is showing a more prolonged recovery than previously expected.
According to the latest Worldwide Quarterly Mobile Phone Tracker forecast, shipments of smartphones will decline 9,1% in 2022, a reduction of 2,6 percentage points from the previous forecast. As a result, IDC expects smartphone shipment volumes to total 1,24-billion units in 2022. While a recovery of 2,8% is still anticipated in 2023, IDC did reduce its 2023 smartphone forecast by roughly 70-million units, given the ongoing macroeconomic environment and its overall impact on demand.
“We believe the global smartphone market will remain challenged through the first half of 2023, with hopes that recovery will improve around the middle of next year and growth across most regions in the second half,” says Ryan Reith, group vice-president with IDC’s Worldwide Mobility and Consumer Device Trackers.
5G continues to build out globally and will account for just over half of smartphones shipped worldwide in 2022, rising to 80% by 2026. In addition, market momentum continues to build around foldable phones. While this category is only about 1-2% of the global market in 2022, it still accounts for roughly 15 to16-million smartphones. This number will only grow as costs decrease and more OEMs get behind the form factor transition.
“Despite the market slowdown, average selling prices continue to grow as consumers opt for premium devices that can last three to four years as refresh rates elongate in both developed and emerging markets,” says Anthony Scarsella, research director with IDC’s Worldwide Mobility and Consumer Device Trackers. “Smartphone ASPs are expected to grow for the third consecutive year as average selling prices will reach $413, up 6,4% from $388 in 2021.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »