TECH SUPPLIER Sep 2019 - Market Forecast - Doc # US45524419
Worldwide Mobile Phone Forecast Update, 2019–2023: September 2019
This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach a total of 1,775.5 million unit shipments in 2019, down 5.9% from the 1,887.7 million units shipped in 2018. From there, total mobile phone shipments will dip to 1,720.1 million units worldwide by 2023, resulting in a CAGR of -1.8% from 2018 to 2023.
"The continuing trend of elongated refresh cycles continue to put a damper on the overall smartphone market," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "The second half of the year will be a fierce one at the high end as most of the big players will push their latest flagship devices for the holiday shopping rush. The question remains whether consumers will opt for low-cost options as a short-term replacement solution or wait for a full force 5G device that won't break the bank like many of the early devices that recently hit the market."
List of Tables
List of Figures
When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.