Mobile phone sales are rising, showing improvement in fourth quarter shipments despite an overall decline in 2023, according to the newly released International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. Notably, iPhones have performed better than other devices, and adoption of 5G technology is anticipated to boost sales further.
Global smartphone shipments are forecast to jump 7.3% in the fourth quarter compared to the year-earlier period. For all of 2023, smartphone shipments are expected to decline 3.5% to 1.16 billion devices, but that’s a rosier forecast than the 4.7% drop predicted earlier in the year. IDC says the market recovery will continue in 2024 with 3.4% growth.
