Mobile Handset Forecast by Region (Long Term) Sep 2021
Sep 15, 2021
Author : Jene Park
The global smartphone market in 2021 started very strongly as Q1 2021 recorded 20% YoY growth. This performance continued in the second quarter, and despite the re-emergence of the coronavirus in the second quarter, the smartphone market showed a sales volume of 323.1 m units, an increase of 17.1% compared to the previous year.
However, this increase is unlikely to continue in the second half of 2021. We are reducing our annual smartphone shipments in 2021 to 1,414 m units. This change is mainly due to:
- The full-fledged impact on smartphone OEMs due to the deepening of the component shortage,
- The expected decline in shipments in some regions such as Asia Pacific and others due to the continuing COVID-19 pandemic,
- Signs of a sluggish recovery in the Chinese smartphone market.
Published Date: September 2021