Qualcomm president Amon on why smartphone market will grow in 2020 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The president of Qualcomm, the biggest mobile chip maker, explains why the smartphone industry is poised to boom in 2020 after 2 difficult years of declines

, which reported that global shipments increased by 0.8% year-over-year in the third quarter of 2019 after seven quarters of back-to-back declines.

"It's a big transformational technology," Amon said in reference to the deployment of 5G. "It's going to happen in large scale, [and] it's going to be faster, the migration, than 4G."There are a few reasons why the smartphone industry has struggled to grow in recent years. Customers are holding onto their devicesand therefore aren't upgrading as frequently.

"We're going to see [a] faster replacement rate and we have conditions for that to happen because phones are older," he said. previously anticipated

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines