Both the smartphone and tablet markets have seen some tremendous growth over the last 10 years. What once was a small but relatively-popular industry has become one of the fastest evolving technology markets around today. New iterations of smartphones are released every year and we've been starting to see things slow down over the last few years. This first hit the tablet market, which has seen a decline in sales year after year and it doesn't look like it's stopping anytime soon.
A new report has been published from Gartner that talks about both shipments and spending for smartphones, tablets, 2-in-1 convertible notebooks and even the PC space. According to their numbers, smartphone shipments hit 1.89 billion in 2016 and the number is expected to only rise to 1.91 billion this year. Granted, an increase of 17 million units is a lot when you just look at that number, but it is quite small when you compare it to overall shipments for throughout the whole year.
Things are projected to increase even less in 2018 when compared to 2017, but Gartner thinks that will increase quite a bit in 2019. When we look at how much revenue these smartphones will bring in, we're still only seeing a small amount of growth when compared to last year. The report says they're projecting close to $400 billion being spent solely on smartphones this year, which is up from a little over $382 billion when compared to last year.
Gartner doesn't expect anything to change with the tablet space since the report says both sales figures and shipment numbers will continue to decline over the next two years. We'll have to wait and see how these projected numbers hold up over time, but it does seem like we're close to hitting a plateau in the mobile industry. A few OEMs are hoping that slimmer bezels and foldable devices will continue growing sales, but some feel these are nothing more than gimmicks.
Source: Gartner
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