Smartphone Growth in Emerging Markets to Continue in 2019: Counterpoint

Emerging markets contribute 59 percent of global smartphone shipments, Counterpoint said.

Share on Facebook Tweet Share Reddit Comment
Smartphone Growth in Emerging Markets to Continue in 2019: Counterpoint

Samsung Galaxy M40 was recently launched in India

Highlights
  • The smartphone market globally declined in 2019
  • Emerging markets will buoy things up, Counterpoint reports
  • Emerging market growth rate is faster than the global market

The smartphone market, which is still reeling under the first ever annual decline in 2018, is poised to grow in the emerging markets, a new report by Counterpoint Research said on Friday.

Emerging markets contribute 59 percent of global smartphone shipments. Excluding China, they make up 32 percent of the global smartphone market.

"Recently, the International Monetary Fund (IMF) projected that economic growth in emerging markets, during 2019, will be faster (4.7 percent) than developed markets (2.1 percent). This is a good omen for the smartphone market," Tarun Pathak, Associate Director at Counterpoint Research, said in a statement.

According to Counterpoint's Market Outlook, emerging markets excluding China (EMXC) will grow faster (6 percent) than in 2018 (4 percent).

The growth rate continues to be faster than the overall smartphone market, which is likely to see a second successive year of decline in 2019.

"Growth in emerging markets is a positive indicator for certain OEMs looking to expand in these markets," Pathak added.

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and subscribe to our YouTube channel.

Further reading: Mobiles, Android, Counterpoint
True Wireless Hearables Market Reaches 17.5 Million Units in Q1 2019: Counterpoint
Trump Talks Trade With Apple CEO Cook as China Dispute Looms
 
 

Advertisement

 

Advertisement

© Copyright Red Pixels Ventures Limited 2019. All rights reserved.