IDC Cuts 2016 Smartphone Shipment Forecast
In a forecast update Wednesday, IDC cut 2016 worldwide smartphone shipment projections by 2.6 percentage points due to a “continued slowdown in mature markets and China.” IDC now projects smartphone shipments to rise 3.1 percent this year, compared with 10.5…
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percent growth in 2015 and 27.8 percent in 2014. Smartphone shipments will reach 1.48 billion this year and 1.84 billion in 2020, said IDC. It expects large markets -- the U.S., Western Europe and China -- to have low single-digit growth rates this year. "Consumers everywhere are getting savvy about how and where they buy their smartphones, and this is opening up new doors for OEMs and causing some traditional channels to lose some control of the hardware flow," said analyst Ryan Reith. Apple smartphone shipments are on track to experience their first annual decline in 2016.