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Global Smartphone Market to Decline For First time in 2018: Counterpoint
After years of growth, the global smartphone market has hit stagnation and would experience an annual decline of a little over one percent for the first time in 2018, Counterpoint Research has said. According to Counterpoint's latest smartphone forecast report, smartphone growth will drop to a negative 1.3 percent in 2018. This is a first in the history of smartphones that the market has contracted Year-over-Year (YoY). Many markets have already hit a saturation point for new smartphone demand and are dependent on replacement demand.
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