Q3 Global Smartphone Shipments Down for Fourth Quarter in a Row, Reports Show
Q3 global smartphone shipments declined for the fourth straight quarter, reports show. That “raises questions about the market's future,” said IDC. Shipments fell 6 percent to 355.2 million units: “The market will return to growth in 2019, but at this…
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stage it is too early to tell what that growth will look like.” Market-share leader Samsung “had a challenging quarter” with shipments down 13.4 percent to 72.2 million units, said IDC Thursday. Strategy Analytics pegged the global smartphone decline at 8 percent in Q3 to 360 million handsets, saying the market is "effectively in a recession." Smartphone makers are "struggling to come to terms with heavily diminished carrier subsidies, longer replacement rates, inventory buildup in several regions, and a lack of exciting hardware design innovation,” it said.