Smartphone growth expected to drop to single digits in 2016, says IDC

According to a recent forecast update from the IDC Worldwide Quarterly Mobile Phone Tracker, 2015 is likely to be the last year of double-digit smartphone growth. The 2015 calendar year finished with 1.44 billion smartphone shipments worldwide, which were up 10.4% over 2014. IDC's most recent projections show 2016 shipments of 1.5 billion, or 5.7% growth over 2015. The trend of single-digit on-year growth is expected throughout the forecast with volumes growing to 1.92 billion in 2020. The market will continue to see volumes shifting to the low end with the aggregate market average selling price (ASP) dropping from US$295 in 2015 to US$237 in 2020.

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