According to the latest forecasts by Canalys, the global smartphone market will grow by 12% in 2021 compared to 2020. In total, 1.4 billion devices will be shipped in a year. This marks a significant recovery after 2020, when shipments fell 7% due to severe market constraints caused by the COVID-19 pandemic. As vaccinations continue and the pandemic dies down, component shortages are becoming a bottleneck holding back smartphone shipments.
“The resilience of the smartphone industry is incredible,” said Ben Stanton, a Canalys expert. “Smartphones are essential to keep people connected and entertained, and they are equally important at home and away. In some parts of the world, in recent months, people have been unable to spend money on vacations and weekends, and many have instead spent it on a new smartphone. 5G devices are gaining momentum, which accounted for 37% of global shipments in the first quarter, and it is expected that for the year as a whole, their share will be 43% (610 million units). This is fueled by intense price competition between suppliers, with many sacrificing other features like display or power to add 5G support to the cheapest device. By the end of the year, 32% of all 5G devices shipped will cost less than $ 300. It’s time for mass adoption. “
According to Canalys’ forecast, next year more 5G smartphones will be sold than 4G smartphones.
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