Increased Smartphone Revenues Forecast

Research firm ‘Strategy Analytics’ have predicted that global smartphone revenues will be up by around 13% this year (2021), driven primarily by increased demand during the pandemic and increased device price.

Research has been published to suggest that the wholesale market value of smartphones went down by 5% globally last year (2020), due to the economic impact of COVID-19, which forced the closing down of many retail outlets. However, it is now expected that more of us will be looking to replace our smartphones, so with increased device prices, as well as the migration to 5G, we can expect to see the market bounce back this year. The projected 13% growth in wholesale value would be the biggest increase in six years, with over half of the growth in the four largest markets: China, the US, India, and Japan, according to David Kerr, Senior VP at Strategy Analytics.

With many employees still working from home, it is safe to say that we rely on our mobile devices more than ever. The more dependant we are on our smartphones, the more likely we are to spend extra on the latest, most reliable model. At Delta 365 we understand more than anyone how detrimental your mobile devices can be to your business, which is why we offer an extensive range of devices and also work with a third party to offer mobile phone and tablet insurance at competitive prices.

If you are looking to help increase the smartphone market by purchasing a new device, or if you would like to discuss insurance options, then please contact us on 08081 691 365 or email info@delta365.co.uk today.

 

 

 

Source: Strategy Analytics, 15 April 2021; https://telecoms.com/509388/global-smartphone-revenues-forecast-for-fastest-growth-in-six-years/

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