SAN FRANCISCO, United States — The smartphone market is down but not out, with high prices and other factors combining to chill what had previously been a red-hot sector. Market messNonetheless, the latest data suggests the days of red-hot smartphone growth are over and that sluggish growth or contraction is likely in many saturated markets. "Globally the smartphone market is a mess right now," said IDC analyst Ryan Reith. The Chinese market, which accounts for roughly 30 percent of smartphone sales, was especially hard hit with a 10 percent drop, according to IDC's survey. Leading smartphone maker Samsung is expected to show off a smartphone with a foldable screen at an event here in February.

Source: Philippine Star February 03, 2019 03:05 UTC