Global smartphone sales fall for the first time in more than a decade [CNBC]
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Source: CNBC
Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. Global smartphone sales fell by 5.6 percent in the fourth quarter of 2017 — the industry's first decline since 2004, according to a study from research firm Gartner. Chinese smartphone makers Huawei and Xiaomi were the only vendors in the top five to experience year-over-year growth in the quarter, respectively by 7.6 percent 79 percent. Upgrades from feature phones to smartphones have slowed down due to a lack of quality 'ultra-low-cost' smartphones and users preferring to buy quality feature phones, said Anshul Gupta, research director at Gartner. Replacement smartphone users are choosing quality models and keeping them longer. While demand for high quality, 4G connectivity and better camera features remained strong, high expectations and few incremental benefits during replacement weakened smartphone sales, Gupta said.
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