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IDC: Mixed and Extended Reality Headsets to Drive Strong Growth Through 2028 Market research 

IDC: Mixed and Extended Reality Headsets to Drive Strong Growth Through 2028

GaryPageau , ,
The decline in worldwide shipments of augmented reality and virtual reality (AR/VR) headsets continued during the second quarter of 2024 (2Q24) as volumes contracted 28.1% year over year to 1.1 million units, according to new data from the International Data Corp. (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline is expected to carry forward as full-year shipments... Read More
IDC: Worldwide Gen AI smartphone shipments forecast to reach 70% of themarket by 2028 Market research 

IDC: Worldwide Gen AI smartphone shipments forecast to reach 70% of themarket by 2028

GaryPageau , ,
The future of the smartphone industry is set to be transformed as worldwide generative AI (GenAI) smartphone shipments are forecast to grow 363.6% year over year in 2024 to 234.2 million units, according to a new International Data Corporation (IDC) forecast. This represents 19% of the overall smartphone market in 2024. IDC defines GenAI smartphones as devices that feature a... Read More
IDC: Worldwide smartphone market grew 6.5% in the second quarter of 2024 Market research News 

IDC: Worldwide smartphone market grew 6.5% in the second quarter of 2024

GaryPageau ,
According to preliminary data from the International Data Corporation Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments increased 6.5% year over year to 285.4 million units in the second quarter of 2024 (2Q24). Although this marks the fourth consecutive quarter of shipment growth and builds the momentum towards the expected recovery this year, demand has yet to come around in... Read More
IDC: Outlook for AR/VR headsets expected to improve as mixed reality, extended reality gain acceptance Market research News 

IDC: Outlook for AR/VR headsets expected to improve as mixed reality, extended reality gain acceptance

GaryPageau ,
Global shipments of augmented reality and virtual reality (AR/VR) headsets declined 67.4% year over year in the first quarter of 2024, according to new data from the International Data Corp. (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline in shipments was expected as the market transitions to include new categories such as Mixed Reality (MR) and Extended... Read More
IDC: Worldwide smartphone shipments forecast to recover with 4.0% growth in 2024 Market research News 

IDC: Worldwide smartphone shipments forecast to recover with 4.0% growth in 2024

GaryPageau ,
Worldwide smartphone shipments are forecast to grow 4.0% year over year in 2024 to 1.21 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The growth in 2024 adds momentum to the overall recovery IDC expects throughout the forecast as consumer demand slowly rebounds from the dismal past few years. The recovery will continue in 2025... Read More
IDC: Chinese smartphone market maintains its recovery momentum at 6.5% growth in 1Q24, Market research 

IDC: Chinese smartphone market maintains its recovery momentum at 6.5% growth in 1Q24,

GaryPageau ,
According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24. Although the growth was supported by a low comparison base year, it marks the second consecutive quarter of growth adding momentum to the market recovery. The market saw better-than-expected shipments mainly... Read More
IDC: Worldwide smartphone market up 7.8% in 1Q, Samsung regains number 1 spot Market research 

IDC: Worldwide smartphone market up 7.8% in 1Q, Samsung regains number 1 spot

GaryPageau ,
According to preliminary data from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker , global smartphone shipments increased 7.8% year-over-year to 289.4 million units in the first quarter of 2024 (1Q24). While the industry is not completely out of the woods, as macroeconomic challenges remain in many markets, this marks the third consecutive quarter of shipment growth, a strong... Read More
IDC: Worldwide market for used smartphones is forecast to surpass 430 million units with a market value of $109.7 billion in 2027 Market research 

IDC: Worldwide market for used smartphones is forecast to surpass 430 million units with a market value of $109.7 billion in 2027

GaryPageau
International Data Corp. (IDC) estimates worldwide shipments of used smartphones, including officially refurbished and used smartphones, will reach 309.4 million units in 2023. The unit growth represents a 9.5% increase over the 282.6 million units shipped in 2022. In addition, IDC projects that used smartphone shipments will reach 431.1 million units in 2027, with a compound annual growth rate (CAGR)... Read More
IDC forecasts spending on GenAIsolutions will double in 2024, grow to $151.1 billion in 2027 Market research 

IDC forecasts spending on GenAIsolutions will double in 2024, grow to $151.1 billion in 2027

GaryPageau ,
An updated forecast from International Data Corporation (IDC) shows enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023. This spending, which includes GenAI software as well as related infrastructure hardware and IT/business services, is expected to more than double in 2024 and reach $151.1 billion in 2027 with a compound annual growth rate (CAGR) of 85.9%... Read More
IDC: Worldwide smartphone shipments on track for recovery Market research 

IDC: Worldwide smartphone shipments on track for recovery

GaryPageau ,
Worldwide smartphone shipments were flat year over year to 302.8 million units in the third quarter of 2023 (3Q23), according to preliminary data from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to... Read More
IDC: Smartphone shipments forecast to reach lowest volume in a decade Market research News 

IDC: Smartphone shipments forecast to reach lowest volume in a decade

GaryPageau
Worldwide smartphone shipments are forecast to decline 4.7% year over year in 2023 to 1.15 billion units, the lowest volume in a decade, according to the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker. This is a downward revision from IDC’s previous forecast of -3.2%, driven by a weaker economic outlook and ongoing inflation, which has dampened consumer demand and... Read More
IDC: Worldwide smartphone shipments continue to decline with 7.8% Market research 

IDC: Worldwide smartphone shipments continue to decline with 7.8%

GaryPageau ,
Worldwide smartphone shipments declined 7.8% year over year to 265.3 million units in the second quarter of 2023 (2Q23), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. While this marks the eighth consecutive quarter of contraction as the market struggles with soft demand, inflation, macroeconomic uncertainties, and excess inventory, the rate of decline is... Read More
IDC: Weak consumer demand continues to delay a recovery for the smartphone market Market research 

IDC: Weak consumer demand continues to delay a recovery for the smartphone market

GaryPageau ,
According to a new forecast from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker, global shipments of smartphones will decline by 3.2% in 2023, totaling 1.17 billion units for the year. This is a downward revision from the 1.1% decline forecast in February. The revision is being driven by several factors, including a weaker economic outlook and ongoing inflation. Despite... Read More
IDC: China’s smartphone market fell 13.2% to a decade low in 2022 Market research 

IDC: China’s smartphone market fell 13.2% to a decade low in 2022

GaryPageau , ,
According to the IDC Worldwide Quarterly Mobile Phone Tracker, 285.8 million smartphones shipped in China in 2022, down 13.2% year-on-year (YoY) to below the 300 million mark for the first time in ten years. In 4Q22, the market declined 12.6% YoY to 72.9 million units. Both full-year 2022 and 4Q22 shipments were near their decade-ago levels as the strict COVID policy... Read More