Mobile Handset Forecast by Region (Long Term) Sep 2021
Overview:
The global smartphone market in 2021 started very strongly as Q1 2021 recorded 20% YoY growth. This performance continued in the second quarter, and despite the re-emergence of the coronavirus in the second quarter, the smartphone market showed a sales volume of 323.1 m units, an increase of 17.1% compared to the previous year.
However, this increase is unlikely to continue in the second half of 2021. We are reducing our annual smartphone shipments in 2021 to 1,414 m units. This change is mainly due to:
- The full-fledged impact on smartphone OEMs due to the deepening of the component shortage,
- The expected decline in shipments in some regions such as Asia Pacific and others due to the continuing COVID-19 pandemic,
- Signs of a sluggish recovery in the Chinese smartphone market.
Published Date: September 2021
Category
Industry
Smartphone
Service
Market Outlook Standard
Report Type
Report
Time Period
Other
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Author
Jene Park
Jene (Jin Suk) is a Senior Research Analyst at Counterpoint Research based on Seoul korea, Since he started his career in Samsung, he experienced various industry and jobs including Strategy Consultant in international Consulting firms. To pursue his major interest in smart devices and connectivity, he joined Counterpoint Research team. In academic side, Jene holds a Bachelor of Economics degree in Yonsei Univ in Korea.