Mobile Phone Growth in Emerging Markets to Continue in 2019: Counterpoint

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The smart device market, which is still reeling under the very first yearly decrease in 2018, is positioned to expand in the arising markets, a brand-new record by Counterpoint Research stated on Friday.

“Recently, the International Monetary Fund (IMF) projected that economic growth in emerging markets, during 2019, will be faster (4.7 percent) than developed markets (2.1 percent). This is a good omen for the smartphone market,” Tarun Pathak, Associate Director at Counterpoint Research, stated in a declaration.

Emerging markets add 59 percent of worldwide smart device deliveries. Leaving out China, they comprise 32 percent of the worldwide smart device market.

The development price remains to be faster than the total smart device market, which is most likely to see a 2nd succeeding year of decrease in 2019.

According to Counterpoint’s Market Outlook, arising markets leaving out China (EMXC) will certainly expand quicker (6 percent) than in 2018 (4 percent).

“Growth in emerging markets is a positive indicator for certain OEMs looking to expand in these markets,” Pathak included.