Smartphone market is forecast to drop 11.9 percent in 2020 to 1.2 billion units, according to the latest IDC research report.
Global smartphone shipments are not expected to return to growth until the first quarter of 2021.
Lockdowns and rising unemployment have reduced consumer confidence and reprioritized spending towards essential goods, directly impacting the uptake of smartphones in the short term, said Sangeetika Srivastava, senior research analyst with IDC’s Worldwide Mobile Device Trackers.
5G smartphone business will play a vital role in worldwide smartphone market recovery in 2021.