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Smartphone Market: Sharp Decline in Shipment Foreseen Owing to Consumer Preference for Repairing and Refurbishing Old Devices

Press release Description

Albany, New York, September 11, 2018: Smartphones have gained widespread popularity worldwide from being a luxury to a necessity. Comprehensibility, portability, and facilitated communication, data storage, and accessibility to large amount of data has further resulted in demand and sales proliferation of smartphones in recent years. Relative affordability of smartphones has led them to replace prominent technologies that include desktop computers, landline phones and expensive cameras among individuals of all income groups.

Aforementioned insights have been obtained from the report, titled “Smartphone Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” which has been recently incorporated into the exhaustive repository of Market Research Reports Search Engine (MRRSE). As the smartphone market is closing in on maturity in some countries, a sharp decline in shipment and revenues from smartphone sales is being witnessed. Consumer tendency toward using their smartphones for longer duration, without replacing them, and repairing & refurbishing their devices has further impacted growth of the smartphone market.

Smartphone Market: Report Synopsis

The report on the smartphone market provides forecast and analysis for the period between 2018 and 2026. Indispensable market dynamics, including trends, opportunities, drivers and restraints, have been covered in key weighted sections of the report. Comprehensive analysis on growth prospects of the smartphone market has been offered, and the market size has been evaluated in terms of volume (Million Units) and value (US$ Mn). Porter’s Five Forces analysis adhered has helped analysts in identifying the bargaining power of suppliers, threats from substitutes and new entrants, and intensity of competition in smartphone market.

Value chain analysis offered in the report delivers analysis on the flow of operation in the smartphone market, and helps in identifying the raw material suppliers, distribution channels, and service providers in the industry. The report also covers a segmentation-wise comparison matrix, market share and positioning analysis, and incremental opportunity analysis on key players operating in the smartphone market. The incremental opportunity analysis further aids in identifying and comparing the segment attractiveness based on the market share index and CAGR across all regional segmented incorporated in the report.

Smartphone Market: In-depth Assessment on Competitive Landscape

A detailed assessment has been provided on the smartphone market’s competition landscape, which engulfs the competition matrix, the market share analysis on prominent players. The competition matrix benchmarks the leading stakeholders in the smartphone market based on their capabilities as well as growth potential. Intelligence on the market positions, R&D focus, key offerings, segmental growth, topline growth, future outlook, and infrastructure facilities of the market players has also been offered in the report. The competitive landscape section of the report also includes and scrutinizes the regional presence and their foothold in the smartphone market with the help of an intensity map.

Key players in the smartphone market have been profiled and analyzed on the basis of their company overview, key developments, major business strategies adopted, and SWOT analysis. Key companies profiled by the report, which significantly contribute to growth of the smartphone market, include Apple, Inc., One Plus Corporation, Xiaomi Corporation, OPPO Co Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, and Sony Corporation.

Browse Full Global Smartphone Market Report with TOC :

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