The number of smartphones shipped between 2016 and 2017 was virtually unchanged
There was stagnation in the worldwide total of smartphones shipped in 2017 compared to the previous year. Image: REUTERS/Tyrone Siu
After a decade of growth, the global smartphone market came to a standstill in 2017. According to latest estimates from market research firm IDC, a worldwide total of 1,472 million smartphones were shipped in 2017, virtually unchanged from the 1,473 million units shipped in the previous year.
With smartphone penetration reaching saturation levels in many regions and (real) technological advances becoming rarer and less obvious to the average user, it was only a matter of time before the market reached this point. The question at hand being whether things will start going downhill from here. The fact that shipments declined by a more significant 6 percent in the fourth quarter of 2017, could be seen as a sign for worse things to come in 2018.
"With ultra-high-end flagships all the rage in 2017, many of these new bezel-less wonders proved to be more of a luxury than a necessity among upgraders”, IDC research manager Anthony Scarcella says about the iPhone X and other recent smartphone releases. Trying to convince consumers of paying even loftier prices for the latest and supposedly greatest devices could be the best if not the only way for Apple, Samsung and the like to maintain a level of growth going forward.
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Stay up to date:
Retail, Consumer Goods and Lifestyle
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.