Worldwide Smartphone Forecast Update, 2023–2027: December 2023

Worldwide Smartphone Forecast Update, 2023–2027: December 2023

This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The smartphone market will reach 1.16 billion units shipped in 2023, down 3.5% from the 1.20 billion units shipped in 2022. From there, shipments will hit 1.29 billion units in 2027, the final year of our forecast period, resulting in a CAGR of 1.4%."With a slower expected decline in the third quarter, we now expect a slightly improved fourth quarter that will demonstrate over 7% growth in the market," said Anthony Scarsella, research director, IDC's Worldwide Mobile Device Trackers. "The smartphone race will be a slow and steady return to growth as both the economy and consumer demand start to improve over the next 6–12 months. Early indicators in the supply chain and our channel feedback look promising heading into the new year."

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