Global Market for Smartphones in 2023
By Aarti Dhapte , 12 January, 2023
In this world of technology, smartphones have become an inseparable part of our lives. Today’s world is addicted to smartphones. Every portion of our lives stays there: office chores or the household.
As we see, the global smartphone market is growing daily with innovations. But in 2023, the smartphone market may perform poorly due to some global factors. As per the reports by International Data Corporation (IDC), the smartphone market will remain down through the first half of this year. It says the smartphone shipment volume was 1.24 billion units in 2022. Again, IDC has reduced the 2023 smartphone forecast by 70 million units.
Sources again say that will rise to 7.5 billion by 2026. People are already using smartphones, but there is still space for more to contribute to market growth.
According to the reports, there are 270 million smartphone users in the US, almost 81.6% of the population. This makes the US the country with the most significant smartphone penetration rate.
The countries with the highest number of smartphone users are the United States, China, and India. Also, the report says that worldwide, smartphone subscriptions may surpass six billion. Samsung and Apple are two leading technology companies among all others.
Worldwide Smartphone Forecast, 2022Q3
Latest News
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…
Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…
China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas…
There will be a surge in copper demand in the energy market in 2024. The growing demand for copper contributes to different usages in the energy market. China stands out in the copper exports of 2024. The Chinese economy is booming, with an…
Team Lead - Research