Worldwide shipments of devices — PCs, tablets and mobile phones — are on pace to reach 2.21 billion units in 2019, exhibiting flat growth year over year, according to analyst firm, Gartner. The PC market is expected to continue its downward trend, while the mobile phone market is set to return to growth in 2020.
- Shipments of mobile phones are estimated to reach 1.8 billion units in 2019, a decline of 0.5 percent year over year, as users resist upgrades unless new models provide significant new utility, efficiency or experiences.
- In 2020, the mobile phone market is forecast to return to growth, with a shipments increase of 1.2% from 2019, whilst consumers will extend the lifetime of their phones, averagely from 2.6 years to 2.8 years by 2023.
- Foldable phones will account for 5% of high-end phones by 2023, amounting to 30 million units.
Through the next five years, we expect foldable phones to remain a niche product due to several manufacturing challenges. In addition to the surface of the screen, the price is a barrier which we expect to decline with time. Currently priced at $2,000, foldable phones present too many trade-offs, even for many early technology adopters.
Roberta Cozza, research director at Gartner