How Big Is The Smartphone Market

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History

In just more or less 40 years, suitcase-size mobile phones have rapidly evolved into a handheld smartphone and smart devices making it one of the highest retailed devices in the consumer market.

 

Statistics

According to statista.com, “Statistic shows global smartphone sales to end users from 2009 to 2017 during the first quarter of 2017, Apple sold 51.99 million smartphones. In 2016, around 1.5 billion smartphones were sold worldwide.”

 

 

Mobile phones are no longer viewed a mere luxury item. In fact, there were 1.5 billion smartphones purchases in 2016. And in the United States alone, a forecast for 2017 showed an increase of 55.6 billion worth of U.S. dollar from 18 billion U.S. dollars in 2010.

 

In the global market, Samsung alone has a share of around 20 to 30 percent since 2012. Samsung’s Galaxy line series is the most popular smartphone product of this South Korean brand. And in 2016 Samsung has more than 111 million shipments of smartphones worldwide.

 

During the first quarter of 2017, the smartphone operating system plays a very significant role in the market niche. The Android operating system powered by Google still holds the top spot as the highest contender with more than 86% of smartphone sales which includes all mobile devices such as tablets, PDAs and other handheld devices.

 

The Chinese smartphone market has also been seen on the rise with a forecasted sale of 538 million units in 2017.

 

Who knows how far smartphones can go in the next few years, it could double or triple the number of users of smartphones worldwide.