2021 Smartphone Growth to Reach Its Highest Level Since 2015 iconnect007.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iconnect007.com Daily Mail and Mail on Sunday newspapers.
May 27, 2021
Following back-to-back quarters of growth, International Data Corporation (IDC) has raised its near-term outlook for the global smartphone market.
According to the IDC Worldwide Quarterly Mobile Phone Tracker, shipments of smartphones are forecast to reach 1,38-billion units in 2021, an increase of 7,7% over 2020.
This trend is expected to continue into 2022, when year-over-year growth will be 3,8% with shipments totaling 1,43-billion.
Markets worldwide continue to migrate toward 5G, where networks are deployed. Within emerging markets, there is strong demand for mid-range and low-end 4G phones following last year’s pandemic slowdown.
Looking toward the later years in the forecast, IDC expects low single-digit growth to continue through 2025 with a five-year compound annual growth rate (CAGR) of 3,7%.
Poco gains 300 percent growth over a year in early 2021, says IDC report News Published: May 25, 2021 2:23 PM IST
It has only been just over a year since Poco restarted its journey in India as a separate entity from Xiaomi. In this short amount of time, the brand has witnessed phenomenal growth, as suggested by the latest IDC Worldwide Quarterly Mobile Phone Tracker, May 2021 release. The company has registered a growth of 300 percent YoY in the first quarter of 2021. Also Read - Poco X3 GT, not F3 GT, rumoured to launch in India as reskinned Redmi Note 10 Pro 5G
Poco now fares among the top three smartphone brands in the country. The brand overtook Realme and OnePlus within a period of 10 months last November. Compared to the other brands, Poco has a limited lineup of smartphones by today’s standards. The company now brands itself as the “No. 3 online smartphone brand” in India. Also Read - Redmi K20 P
Indian smartphone market clocks 18% growth in Q1 2021
May 11, 2021
Slowdown expected in Q2, says IDC
The Indian smartphone market recorded an 18 per cent year-on-year (YoY) growth in Q1 2021, between January and March with shipments totalling 38 million units, according to the International Data Corporation’s (IDC) Quarterly Mobile Phone Tracker
However, the market declined by 14 per cent from a strong Q4 2020.
The onset of the second wave of Covid-19 in the country has negatively impacted the consumer market as the inventory cycle which had shrunk earlier in H2 2020 started to get longer since mid-Q1 21, as per the report.
“The April-June quarter is expected to face growth challenges under the weight of the second wave of infections. However, the high shipments from the first quarter should be able to suffice for the immediate demand. But IDC estimates the impact to be less pronounced compared with last year, with factories being operational today and only limited restr
NEEDHAM, Mass. (BUSINESS WIRE) #Apple The pace of recovery for the smartphone market accelerated in the first quarter of 2021 (1Q21) with 25.5% year-over-year shipment growth. According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, smartphone vendors shipped nearly 346 million devices during the quarter. The strong growth came from all regions