Friday March 22, 2019
Home Lead Story Global Smartp...

Global Smartphone Market is Expected to Shrink in 2019

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas

0
//
GOME
Global smartphone market to shrink in 2019.

The global smartphone market is expected to shrink further in 2019 due to weaker demand and other unfavourable factors, a report said on Tuesday.

Global smartphone production is expected to reach 1.41 billion units this year, down 3.3 per cent from the previous year, according to the report from TrendForce, a leading market intelligence provider.

Replacement demand is likely to slacken this year due to a lack of devices with landmark functions, TrendForce said, adding global smartphone output could drop as much as 5 per cent on-year due to the uncertainty and fallout from the ongoing trade war between the US and China, Yonhap news agency reported.

Samsung Electronics Co is projected to grab the leading market share of 20 per cent this year, followed by Huawei with 16 per cent and Apple Inc with 13 per cent.

Among the top three industry players, Huawei will likely become the only company to post positive growth in smartphone production.

Samsung, speaker
Samsung Electronics Co is projected to grab the leading market share of 20 per cent this year, followed by Huawei with 16 per cent and Apple Inc with 13 per cent.

Samsung’s smartphone output is predicted to shrink 8 per cent on-year to 293 million units, with Apple’s production likely to fall 15 per cent to 189 million.

Earlier, another industry tracker, Strategy Analytics, predicted global smartphone shipments to come to 1.43 billion this year, down 0.6 per cent from a year earlier.

Also Read- Sukhpal Singh Khaira’s Exit Raises Questions Over AAP’s Future in Punjab

Strategy Analytics forecast a market share of 20.3 per cent for Samsung, 16.1 per cent for Huawei and 14.4 per cent for Apple.

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas.

Samsung plans to roll out its Galaxy M mid-range and low-end smartphones in India at the end of this month and unveil its Galaxy S10 flagship smartphone and foldable smartphone in San Francisco next month in a bid to create new demand and outperform Chinese rivals. (IANS)

Next Story

This Smartphone by Vivo Creates The Record of Fastest Selling Smartphone in Company’s History

Priced at Rs 28,990, the device has some benchmark features such as the world's first 32 MP pop-up selfie camera

0
Vivo to open E-stores in India to increase its market. Wikimedia Commons
Vivo to open E-stores in India to increase its market. Wikimedia Commons

The newly-launched Vivo V15 Pro has become the fastest selling smartphone in the V-series in its first week of sale on both offline and online channels, the company said on Monday.

India is the first market globally where the V15 Pro was launched and went on sale starting March 5.

“We are pleased with the response that we have received for the vivo V15 Pro. This is a proof of the continued trust and appreciation that our consumers place in us and our devices,” Nipun Marya, Director-Brand Strategy, Vivo India, said in a statement.

Vivo
The smartphone has 90 per cent screen-to-body ratio.

Priced at Rs 28,990, the device has some benchmark features such as the world’s first 32 MP pop-up selfie camera and AI-enabled 48 million Quad Pixel sensor+8MP+5MP triple rear camera.

Also Read- TECNO Launches its 1st Android 9 Phone in India

The device is the first in the industry to be powered by the Qualcomm Snapdragon 675AIE octa-core processor supported by an enhanced CPU and GPU, which consumes less power. (IANS)