Smartphones Gain Traction
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- May 27, 2021 4:49 pm GMTMay 27, 2021 11:11 am GMT
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The pandemic, the arrival of 5G networking, lower pricing, and continued improvements in mobile platforms sparked utility interest in smartphones. In fact, sales of the devices showed their highest increase since 2015, and the near term forecast is also optimistic.
Cell phones are mature market, with devices having shipped for more than a decade.
Yet, shipments are expected to reach 1.38 billion units in 2021, an increase of 7.7% over 2020, the largest year-over-year growth the market has witnessed since 2015, according to the International Data Corp. (IDC).