The Smartphone Market Is Declining

The Smartphone Market Is Declining

Between 2007 and 2013, the smartphone market was rapidly growing. Even amidst the economic downturn, the market continued to thrive. However, a strange thing happened in 2014, the market seemed to plateau. In fact, it actually shrunk in 2017 as depicted by the chart below. Now keep in mind, the number of smartphone shipments has been increasing steadily, but the growth is not there, indicating a saturated market.

chart The Smartphone Market Is Declining

Additionally, analysts see companies like Apple having serious sales problems with high-end phones like the iPhone XS Max. Samsung is in a similar predicament. While there are several factors contributing to these figures, let’s not forget that the average phone is now over $600. With an investment like that, consumers are more likely to keep their devices longer to get their money’s worth. Undoubtedly, the next decade will bring a lot of changes.

About the Author

avatar KALE: A geek who works in the IT Security field and lives in Dallas, TX. He is also a music geek who has played in several local bands. Previous to his IT career, Kale worked as a photojournalist. He brings technical advice and artistic counterpoint to the podcast.