According to IDC, worldwide smartphone shipments declined 0.5% in 2017, the first yearover- year decline the market has experienced since the introduction of what we now know as smartphones. Smartphone companies shipped a total of 1.46 billion devices in 2017. During the holiday quarter (4Q17), smartphone vendors shipped a total of 393.0 million units resulting in an 8.5% decline when compared to the 429.8 million units shipped in the final quarter of 2016. Looking forward, IDC expects shipment volumes to return to low single-digit growth in 2018 and the overall market to experience a compound annual growth rate (CAGR) of 2.8% over the 2017-2022 forecast period with volumes forecast to reach 1.68 billion units in 2022.
CHINA SMARTPHONE MARKET DECLINES BY 15.7% YOY IN 2017Q4 AND 4.9% IN 2017
According to preliminary data from the IDC Quarterly Mobile Phone Tracker, the China smartphone market declined 15.7% year-overyear (YoY) in 2017Q4 and 4.9% for the whole of 2017.
“In 2017, the minor upgrades that Chinese smartphone companies made to their offerings were not enough to move consumers to splurge on new models, resulting in a general slowdown in the market. The smaller players continued to suffer as the top five players grew their market share,” says Tay Xiaohan, Research Manager of IDC Asia/Pacific’s Client Devices team.