Q4 smartphone shipments will see 7.3% y-o-y growth, says IDC. “The tide has finally turned, ” says IDC’s Nabila Popal.
The market recovery will continue in 2024 with 3.8% growth expected, followed by low single-digit growth for 2022-27 for a 1.4% five-year CAGR.
For the whole of 2023, smartphone shipments are forecast to decline 3.5% y-o-y to 1.16 billion units.
Smartphone ASP is expected to rise 5.5% in 2023 to $438, marking a fourth consecutive year of growth as the premium market continues to grow across all regions.
However, ASP growth is expected to taper off and gradually decline to $396 by 2027, which remains higher than prior forecasts.
iOS market share grew 0.6% growth in Q3, achieving a record share of 19.6% this year, while Android is forecast to decline 4.4%.
Over the long term, Android will grow slightly faster than iOS, increasing its share of the market to 81.3% by the end of the forecast period.
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Micron will get $6.1 billion in US Chips Act grants to help build fabs in New York and Idaho. Senator Chuck Schumer of New York announced the award and said the money would go towards building two fabs in New York by 2030 and o
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