International Data Corporation (IDC) predicts that the smartphone market would reignite next year, growing about 3% annually to 1.654 billion in the year 2022. Photo: BloombergSan Francisco:International Data Corporation (IDC) has forecast that global smartphone sales would cool this year before heating up with help from new 5G networks and India’s vibrant market. An IDC Worldwide Mobile Phone Tracker expected smartphone sales to slip two-tenths of a per cent this year to total 1.462 billion in a second straight year of slight decline. But IDC on Wednesday predicted that the smartphone market would reignite next year, growing about 3% annually to 1.654 billion in the year 2022. Handsets powered by Google-backed Android mobile were expected to continue to dominate the smartphone market, with a share of about 85% remaining relatively stable during the coming five years.

Source: Mint May 31, 2018 13:07 UTC