Here’s a headline you don’t see every day. The IDC finds that the worldwide mobile phone market is now forecast to grow 1.4% year over year in 2012.
This is the lowest annual growth rate in three years despite a projected record number of smartphone shipments in the high-volume holiday season.
According to the International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker, vendors will ship more than 1.7 billion mobile phones this year. In 2016, IDC forecasts 2.2 billion mobile phones will be shipped to the channel.
“Sluggish economic conditions worldwide have cast a pall over the mobile phone market this year,” says Kevin Restivo, senior research analyst with IDC’s Worldwide Quarterly Mobile Phone Tracker. “However, the fourth quarter will be relatively bright due in part to sales of high-profile smartphones, such as the iPhone 5 and Samsung’s Galaxy S3, in addition to lower-cost Android-powered smartphones shipped to China and other high-growth emerging markets.”
At the end of the day, however, comparable studies and reports frequently emerge in the mobile space, many of which contradict the reports published previously. In other words, can we really know where the mobile phone market may be in 2016? Please leave your two cents below.