Reports: Global smartphone shipments to decline by 3.1% in 2019

Reader's Pick

Shanghai: Slashing its forecast for the global smartphone market by over 3 percent amid the US government’s decision to ban businesses from working with Huawei, market research firm Canalys has said smartphone shipments will reach 1.35 billion units in 2019.

This is slightly below 2018’s shipments that touched 1.39 billion.

“It is important to note that market uncertainty is clearly prompting vendors to accelerate certain strategies to minimise the short and long-term impact in a challenging business environment, for example, shifting manufacturing to different countries to hedge against the risk of tariffs,” Nicole Peng, VP, Mobility, Canalys, said in a statement.

- Advertisement -

“But with recent US announcements on tariffs on goods from more countries, the industry will be dealing with turmoil for some time.”

Moving into 2020, most of the major mobile supply chain and the channel will have active contingency plans to mitigate Huawei‘s decline and be ready for 5G device roll out in many markets, the research firm noted.

Looking towards the future, Canalys has predicted positive smartphone growth in 2020 with an expected bounce back to 1.39 billion global shipments, equating to a 3.4 percent increase.

Several regions would recover faster than others due to varying lengths of the phones’ life-cycles.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Bank of Japan keeps monetary policy steady, brings new forward guidance on rates

The Bank of Japan kept its monetary policy steady on Thursday but introduced new...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sought...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($239 billion) with...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment potential of Rs 700...

COVID-19: Amazon India partners with Acko General Insurance to offer free health insurance to sellers

India's leading e-commerce company Amazon India on Wednesday announced its partnership with Acko General...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countries around...

Why You Need to Be Serious About Cybersecurity for Your Business

The digital age has redefined how businesses communicate, advertise, and share information. Cyber threats...

Feeding India through Ads: A TechGraph Campaign to feed India

As the second wave of Coronavirus (COVID-19) has affected millions of families in India,...

Play Ventures leads $4.1 Mn series seed round for INCRMNTAL

Israel-based incrementality measurement platform, INCRMNTAL has raised $4.1 million in series seed round funding...

PickMyWork snaps $1 Mn in series seed round

PickMyWork, an India-based startup that assists digital companies to acquire end customers (individual users...

The benefits of chatbots in healthcare

The Pandemic has made significant improvements to healthcare services. Industry professionals had to switch...

Bitcoin Price Crash

Bitcoin crypto was launched in 2009. It was the beginning of the digital assets...