Mobile Phone Sales Crash, Foldables Bring Hope
Mobile phone shipments will decline in 2019 but return to growth in 2020, according to a new Gartner report. The research firm estimates that worldwide shipments of mobile phones will reach 1.8 billion units in 2019, representing a decline of 0.5 percent year over year.
The high-end mobile phone market will continue to show a decline in mature markets during 2019, Gartner forecasts. Its report says users have reached a threshold for new technology and applications. And unless new models provide significant new utility, efficiency or experiences, they won’t upgrade.
However, Gartner predicts the mobile phone market will return to growth in 2020, with shipments increasing 1.2 percent from 2019. The market watcher expects the average high-end phone lifetime to increase from 2.6 years to
2.8 years through 2023.
The report also predicts that foldable phones will account for five percent of high-end phones by 2023, amounting to 30 million units.
Worldwide shipments of devices, including PCs, tablets and mobile phones, are on pace to reach 2.21 billion units in 2019, exhibiting flat growth year-over-year. The PC market is expected to continue its downward trend as consumers increasingly retire older PCs.