Worldwide Smartphone Growth Goes Flat in Q1 2016, Apple Market Share Drops to 15.3% [Chart]

Worldwide smartphone shipments in Q1 2016 were nearly flat compared to the year ago quarter, reports IDC. Vendors shipped a total of 334.9 million smartphones worldwide up slightly from the 334.3 million units in 1Q15, marking the smallest year-over-year growth on record. The minimal growth is attributed to smartphone market saturation and a decline in sales of the iPhone.The biggest change to the market, however, was the addition of lesser-known Chinese brands OPPO and vivo, which pushed out previous fourth and fifth place players Lenovo and Xiaomi, respectively. As the China market matures, the appetite for smartphones has slowed dramatically as the explosion of uptake has passed its peak. In 2013, China’s year-over-year shipment growth was 62.5%; by 2015, it had dropped to 2.5%. Conversely, the average selling price (ASP) for a smartphone in China rose from US$207 in 2013 to US$257 in 2015. Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

Source: iClarified Read More: Worldwide Smartphone Growth Goes Flat in Q1 2016, Apple Market Share Drops to 15.3% [Chart]