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

Date:

Trending

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.

- Advertisement -

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.

“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.

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

- Advertisement -

We don’t spam! Read our privacy policy for more info.

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

Magazine

Politics
Latest

UltraverseNFT Launches Sandalwood backed NFT for Eco-Conscious Investors

UltraverseNFT is proud to introduce its groundbreaking Sandalwood NFTs, designed to redefine eco-conscious investments by merging digital assets with tangible ecological value. These unique...

Why BITBinvest.com is Expanding Worldwide & Capturing High-Profile Trader’s Attention?

BITBinvest.com has rapidly emerged as one of the leading companies in online trading, making it a source of attraction for traders around the world. The...

4 Key Ways Robotics May Change Warehouse Operations by 2030

The landscape of warehouse operations is poised for significant transformation by 2030 with the integration of robotics. According to Forbes, warehouse robotics revenues are...
00:02:30

VIDEO: Israeli PM Netanyahu Visits Lebanese Border, Promises Strong Action Against Hezbollah

During a recent visit to the Lebanese border, Israel's Prime Minister Benjamin Netanyahu highlighted the changing security landscape, emphasizing the ongoing military efforts against...
00:01:45

“I Will End the War in Gaza,” Kamala Harris to Arab American Community

In a final bid to win over Arab American voters in the closing stages of the presidential race, Democratic candidate Kamala Harris, during a...

Sport

- Advertisement -spot_img

Culture