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IDC: Global Smartphone Market Gains Steam
Worldwide smartphone shipments grew 4.3% in 1Q17, which was slightly higher than IDC's previous forecast of 3.6% growth. "The first quarter smartphone results further prove that the smartphone industry is not dead and that growth still exists," said Ryan Reith, program vice president with IDC's Worldwide Quarterly Mobile Device Trackers. However, we believe the industry will show some rebound in 2017, and the strong first quarter results certainly support this argument. According to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, phone companies shipped a total of 347.4 million smartphones worldwide in the first quarter of 2017. "There is no question that 2016 was a pivotal year for the industry as growth dipped to low single digits for the first time.
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