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Global smartphone market forecast to decline 9.5%, 5G remains priority

August 28, 2020

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According to International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, the global smartphone market is forecast to decline 9.5% year over year in 2020 with shipments totaling 1.2 billion units, following a tough year.

The report indicates that the second quarter of 2020 saw slightly better-than-expected numbers, but that wasn’t enough to fully salvage the market, which was still down 17% year over year with “visible signs of economic concerns.”

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