Nearly 500 phone brands have left the market considering the fact that 2017

Nearly 500 phone brands have left the market considering the fact that 2017 - Nearly 500 smartphone brands have left the mar

Last updated 15 month ago

Mobile
Industry
smartphone
sales

Nearly 500 phone brands have left the market considering the fact that 2017



How many cellphone brands do you suspect have left the market due to the fact that 2017? The likes of LG possibly come to mind, then there are the numerous neighborhood, lesser-known brands. Maybe fifty, or 100? The actual figure is, astoundingly, almost 500.

Counterpoint Research's evaluation shows that at its top in 2017, there were more than seven hundred smartphone manufacturers contributing to the 1.5 billion gadgets sold annually. In 2023, that quantity is down by way of a third to almost 250.

Nearly all of those manufacturers that have shuttered during the last five years have been nearby ones observed in locations inclusive of India, the Middle East, Africa, China, Japan, and South Korea. The wide variety of world manufacturers along with Samsung has remained constant at over 30.

Counterpoint Research highlights numerous motives behind the shrinking quantity of brands over the past seven years. The pandemic and thing shortages that began in 2020 had a huge effect, while the worldwide financial slowdown following Russia's invasion of Ukraine in 2022 has caused many smaller cellphone corporations to shutter.

The neighborhood brands have additionally been handling different factors killing off their corporations. More people are holding onto their devices for longer before upgrading, cheaper telephones are improving in quality all the time, there's a maturing user base, we have seen era transitions along with that from 4G to 5G, and a handful of huge brands are holding on to greater of the marketplace.

Another location having an impact is refurbished phones. Refurbed telephone sales grew 14% in 2021 as compared to 5% for brand spanking new telephone income. The difference became even extra pronounced in 2022: 5% increase for refurbs and -12% negative increase for brand spanking new handsets.

One of the biggest casualties in the telephone marketplace these days has been LG. After six years of losing money, totaling nearly $4.Five billion, the writing turned into at the wall for the enterprise's cellphone division in 2021. It cease the industry two years in the past, taking with it a number of the most modern, if not continually successful, handsets of recent instances.

Counterpoint expects extra smartphone manufacturers to dissolve as time is going on, setting more strength into the arms of the tech giants. However, smaller brands can be able to live to tell the tale by means of offering some thing precise, consisting of Doro, which objectives older customers, and Fairphone, which focuses on ethical sourcing and easy repairs.

  • Nearly 500 smartphone brands have left the market since 2017 samsung

So, You Want to Be a Video Game Developer?

So, You Want to Be a Video Game Developer?

You might be the kind of man or woman who simply lives and breathes video video games, loving each thing of them and wishing that your regular lifestyles ought to revolve around games even extra. Or, you would possibly ...

Last updated 12 month ago

VMware exploited 34 susceptible tool drivers to benefit full manage of Windows 11

VMware exploited 34 susceptible tool drivers to benefit full manage of Windows 11

 Modern Windows versions assist tool drivers written thru the Windows Driver Model (WDM) and the Windows Driver Frameworks (WDF). Both models may be exploited to compromise a totally up to date Windows installation, ess...

Last updated 13 month ago

Amazon Prime Video will introduce advertisements to its movies and TV suggests starting January 29

Amazon Prime Video will introduce advertisements to its movies and TV suggests starting January 29

A warm potato: It's been showed that Amazon Prime Video visitors can mark January 29 in their diaries. But the day may not be a party; it's the date that Amazon will begin showing advertisements within its films and TV ...

Last updated 12 month ago

AMD government says Intel Foundry Services is destined to fail

AMD government says Intel Foundry Services is destined to fail

A warm potato: Intel CEO Pat Gelsinger's decision to turn the Santa Clara business enterprise into a chip manufacturing foundry and open it to orders from 0.33-birthday party organizations hasn't impressed AMD. Team Red...

Last updated 14 month ago

"Big Four" accounting corporation looks to AI to lessen destiny mass layoffs

"Big Four" accounting corporation looks to AI to lessen destiny mass layoffs

Why it subjects: Deloitte is a multinational professional services community and is considered one of the "Big Four" accounting corporations inside the world, along side EY, KPMG, and PwC. The consulting large...

Last updated 12 month ago

Cougar introduces gaming chair with included RGB fan

Cougar introduces gaming chair with included RGB fan

 Gaming chairs have long past to ambitious lengths to make sure maximum consumer comfort for years. Meanwhile, huge, colorful fanatics have lengthy been a staple of RGB layout for gaming gear, so combining the 2 traits ...

Last updated 14 month ago


safirsoft.com© 2023 All rights reserved

HOME | TERMS & CONDITIONS | PRIVACY POLICY | Contact