Egham (UK): Global sales of smartphones to end-users are set to reach 1.57 billion units in 2020, which is an increase of three percent year over year (YoY), a new report by Gartner, Inc. said on Tuesday.
In 2019, worldwide smartphone sales declined two percent – the first time since 2008 that the global smartphone market experienced a decline.
“2019 was a challenging year for smartphone vendors, primarily due to oversupply in the high-end sector in mature markets and longer replacement cycles overall,” Annette Zimmermann, Research Vice President at Gartner, said in a statement.
“However, in 2020, the market is expected to rebound with the introduction of 5G network coverage in more countries and as users who may have delayed their smartphone purchases until 2020 in expectation of price reductions begin buying again,” added Zimmermann. (IANS)