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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

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

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

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

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%

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

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

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
IDC: Smartphone shipments suffer 18.3% drop in the holiday quarter Market research 

IDC: Smartphone shipments suffer 18.3% drop in the holiday quarter

Worldwide smartphone shipments declined 18.3% year over year to 300.3 million units in the fourth quarter of 2022 (4Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The drop marks the largest-ever decline in a single quarter and contributed to a steep 11.3% decline for the year. 2022 ended with shipments of 1.21 billion... Read More
IDC: Global smartphone shipments continue to be Impacted by slowed demand and setbacks in China Market research 

IDC: Global smartphone shipments continue to be Impacted by slowed demand and setbacks in China

An updated forecast for the worldwide smartphone market from IDC is showing a more prolonged recovery than previously expected. According to the latest Worldwide Quarterly Mobile Phone Tracker forecast, shipments of smartphones will decline 9.1% in 2022, a reduction of 2.6 percentage points from the previous forecast. As a result, IDC expects smartphone shipment volumes to total 1.24 billion units in 2022. While... Read More
IDC: Smartphone market suffers fifth consecutive decline in global shipments in Q3 Market research News 

IDC: Smartphone market suffers fifth consecutive decline in global shipments in Q3

Worldwide smartphone shipments declined 9.7% year over year to 301.9 million units in the third quarter of 2022 (3Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The drop marks the largest-ever third-quarter decline and the fifth consecutive quarter of decline for the smartphone market as shipments continue to struggle amidst weakened global demand... Read More
IDC forecasts worldwide foldable phone shipments will reach 41.5 million in 2026 Market research 

IDC forecasts worldwide foldable phone shipments will reach 41.5 million in 2026

International Data Corporation (IDC) expects worldwide shipments of foldable phones, including flip and fold form factors, to reach 13.5 million units in 2022. This represents an increase of 66.6% over the 8.1 million units shipped in 2021. An updated IDC forecast projects foldable phone shipments will reach 41.5 million units in 2026, with a compound annual growth rate (CAGR) of... Read More
IDC: Smartphone shipments decline for the fourth consecutive quarter Market research 

IDC: Smartphone shipments decline for the fourth consecutive quarter

Worldwide smartphone shipments declined 8.7% year over year in the second quarter of 2022 (2Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. This marks the fourth consecutive quarter of decline for the smartphone market as shipments fell to 286.0 million units in the quarter, about 3.5% lower than forecast. “What started out as... Read More
IDC: First-quarter smartphone shipments declined 8.9% Market research 

IDC: First-quarter smartphone shipments declined 8.9%

Worldwide smartphone shipments declined 8.9% year over year in the first quarter of 2022 (1Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. This marks the third consecutive quarter of decline for the smartphone market as shipments fell to 314.1 million units in the quarter, about 3.5% lower than IDC forecast in February. “Although... Read More
IDC: AR/VR headset shipments grew dramatically in 2021 News 

IDC: AR/VR headset shipments grew dramatically in 2021

The worldwide market for augmented reality and virtual reality (AR/VR) headsets grew 92.1% year over year in 2021 with shipments reaching 11.2 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly AR/VR Headset Tracker. The holiday quarter was a major driver for the industry as almost half the annual volume was shipped during 4Q21, closing out... Read More