IDC: Smartphone Market Slowdown Has ‘Grave Consequences for Apple’ [Chart]

IDC says smartphone growth is expected to drop to single digits in 2016, led by China’s transition from a developing to a mature market. In 2015 about 1.44 billion smartphones were shipped worldwide, a 10.4% increase over 2014. IDC’s most recent projections show 2016 shipments of 1.5 billion, or 5.7% growth over 2015. Single digit growth is expected over the next few years with smartphone shipments reaching 1.92 billion in 2020. The aggregate market average selling price (ASP) is expected to drop from $295 in 2015 to $237 in 2020.From a regional standpoint, mature markets like the United States, China, and Western Europe all hit single digit growth in 2015, while high growth markets such as India, Indonesia, the Middle East and Africa, and other pockets in Southeast Asia, all remained healthy. Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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