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IDC: Global smartphone shipments continue to grow Market research News 

IDC: Global smartphone shipments continue to grow

While the supply chain situation hasn’t drastically improved, the smartphone market has shown positive results in recent quarters. According to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, shipments of smartphones are expected to grow 7.4% in 2021, reaching 1.37 billion units, followed by 3.4% growth in 2022 and 2023, respectively. The 7.4% growth can be attributed to a... Read More
NRF says July retail sales hampered by tight supply chain Market research News 

NRF says July retail sales hampered by tight supply chain

Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant, according to the National Retail Federation (NRF). “July retail sales showed slight deceleration in spending, but nothing to derail our outlook for... Read More
IDC: Global smartphone market grew 13.2% in the second quarter Market research 

IDC: Global smartphone market grew 13.2% in the second quarter

Overall smartphone shipment volumes grew 13.2% year over year in the second quarter, slightly beating IDC’s forecast of 12.5% growth. According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, smartphone vendors shipped a total of 313.2 million devices during the quarter, which further proves this market is headed back toward sustained growth. Every region contributed... Read More
NRF: May retail sales reach near-record level despite monthly decline Market research News 

NRF: May retail sales reach near-record level despite monthly decline

Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation  (NRF). “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17 percent,” says  Matthew Shay, NRF President and CEO.... Read More
Rise Above Research study finds adding value to prints can boost photo printing Market research News 

Rise Above Research study finds adding value to prints can boost photo printing

According to a new study from Rise Above Research, nearly half of all respondents are interested in printing more information on the back of their photos. This shows the U.S. photo print market still has opportunities for growth and sustainability through new features that add value to printed photos. The interest level in the ability to print more information on... Read More
CIPA: Cameras bouncing back after 2020 disaster Market research News 

CIPA: Cameras bouncing back after 2020 disaster

After an abysmal 2020, the Japanese camera manufacturers are reporting the first quarter of 2021 is showing signs of life. According to CIPA, the Japanese camera manufacturer association, interchangeable lens cameras almost doubled shipments in March shipments, compare to last year. For the quarter, ILCs are up 18 percent in volume and 48 percent in value compared to the same... Read More
NRF: Economy “has come a long way” in a year Market research News 

NRF: Economy “has come a long way” in a year

With more vaccines in arms, federal stimulus putting money into pockets, and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill this time last year, according to the National Retail Federation (NRF). “The economy has come a long way compared with a year ago,” said Jack Kleinhenz, chief economist, NRF.... Read More
Suite 48a releases do-it-yourself video creation app report Market research 

Suite 48a releases do-it-yourself video creation app report

Do-It-Yourself (DIY) video creation apps – apps used by non-video professionals – are a powerful driver behind the current surge in sharing and in viewing of user-generated videos, according to a new study by Suite 48 Analytics. Under the hood, AI-based innovations are enabling this new generation of apps to overcome the traditional dilemma of creative power versus ease of... Read More
NRF forecasts retail sales to exceed $4.33 trillion in 2021 as vaccine rollout expands Market research Marketing 

NRF forecasts retail sales to exceed $4.33 trillion in 2021 as vaccine rollout expands

The National Retail Federation issued its annual forecast, anticipating retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine... Read More
NRF: January retail sales are strong, due to stimulus funds and holiday sales momentum Market research 

NRF: January retail sales are strong, due to stimulus funds and holiday sales momentum

Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, said the National Retail Federation (NRF). “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year curbing the global pandemic and strengthening our... Read More
CIPA data report shows continued declines Market research News 

CIPA data report shows continued declines

Every year, Japan’s Camera and Imaging Products Association (CIPA) releases annual statistics for its member companies. The downward trend of the last few years continued through 2020, with 8.78 million units shipped, down from 15 million in 2019 and 20 million in 2018. Clearly, the COVID-19 global pandemic did not improve the trend, which was already in decline. Read More
U.S. photo merchandise market boosted by young people, first-time buyers Market research 

U.S. photo merchandise market boosted by young people, first-time buyers

According to the new 2020 US Photo Merchandise Study from Rise Above Research, 63% of respondents in the 18-24-year-old age group had bought photo products in the last year and almost half of them ordered photo cards for the first time. This demonstrates the U.S. photo merchandise market is healthy and resilient, even during the COVID-19 pandemic. In these challenging times,... Read More
IDC says fourth-quarter smartphone shipments show growth Market research News 

IDC says fourth-quarter smartphone shipments show growth

The worldwide smartphone market continued to improve in the holiday quarter of 2020 (4Q20) returning to familiar ground with 4.3% year-over-year growth, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. Smartphone vendors shipped a total of 385.9 million devices during the quarter. While the full year 2020 declined 5.9% compared to 2019, the progress... Read More
NRF: November retail sales give holiday season solid start Market research News 

NRF: November retail sales give holiday season solid start

November retail sales dipped from the month before but still showed the sixth consecutive monthly year-over-year gain by government calculations and set the stage for a healthy holiday shopping season compared with last year despite the pandemic, the National Retail Federation (NRF) reported. “Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and congressional stimulus... Read More
IDC says smartphone shipments to grow in holiday quarter Market research Marketing 

IDC says smartphone shipments to grow in holiday quarter

Following a stronger than expected third quarter, the global smartphone market is expected to return to growth during the holiday quarter this year, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The IDC predicts smartphone shipments are forecast to grow 2.4% year over year in the fourth quarter, followed by 4.4% year-over-year growth in 2021. The market... Read More