target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Forecast - Doc Document number: # US51212623
Worldwide Smartphone Forecast Update, 2023–2027: September 2023
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Abstract
This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The worldwide smartphone market will reach 1.15 billion units shipped in 2023, down 4.7% from the 1.20 billion units shipped in 2022. From there, shipments will hit 1.31 billion units in 2027, the final year of our forecast period, resulting in a CAGR of 1.7%.
"The next two quarters will be crucial for the remainder of the year if the market wishes to prevent further decline in 2023," said Anthony Scarsella, research director, IDC's Worldwide Mobile Device Trackers. "Now more than ever, attractive trade-in deals and financing deals will become essential in driving flagship sales in the year's second half. Channel partners and vendors will need these plans to make upgrading more affordable when inflation and the economy work against most consumers."