The IDC has announced that it expects the number of mobile phones that are bought in Europe and the US will drop in 2014.
According to the IDC’s Worldwide Quarterly Mobile Phone Tracker, shipping of smartphones around the world will fall to 8.3 per cent annual growth by 2017 and 6.2 per cent in 2018.
The number of handsets sold in 2013 grew to more than a billion for the first time, representing a 39.2 per cent growth from 2012. However, this growth is expected to stall in 2014 with just 1.2 billion smartphones being sold, a 19.3 per cent increase year-on-year.
Ryan Reith, program director with IDC’s Worldwide Quarterly Mobile said that the prices of handsets are too high for them to take off in emerging markets. It is also these high prices that encourage many people to recycle their mobile phone to get some more cash towards a newer handset.
Posted by Samantha Green