Tag: smartphone technology news

Smartphone market sales are falling

The most recent data from Thailand has shown a new phase of decline has begun.

At a time in which political unrest is starting to take away from consumer confidence and is leading them to spend less, the smartphone market is starting to feel the pinch for the first time.

Recent figures have begun showing that the decline in the sales of these mobile devices is not a small one.

The Thailand Mobile Expo 2014 was just held in the country, running until the end of the weekend. Although many attended this largest exhibition of mobile phones, gadgets, and other tech devices at the Queen Sirikit National Convention Center, and it appeared to be just as booming as always, this was occurring within a smartphone market that is rapidly slowing in its sales.

This is the first time in four years that the smartphone market in the country has seen a sales decline.

Also contributing to the shrinking of the sales in this mobile device market is that many consumers have already purchased the technology and have yet to find a reason to want to upgrade to a massive degree. This is indicating that the country may have entered into a longer replacement cycle that is now considerable enough to actually affect the sales within that ecosystem.Smartphone Market Sales Drop

This year’s event was the largest one yet, despite the fact that the organizer of the exhibition, Thailand Mobile Expo, M Vision Co, downgraded its sales projections by a tremendous 20 percent, to bring it to 1.2 billion baht (local currency).

That company isn’t the only one to revise its figures in a downward direction. Global research firm, IDC Thailand, has also done so, but in their case, they have reduced their sales projections by 25 to 30 percent growth, this year. This is a reduction from having previously predicted that there would be a growth rate of 35 to 40 percent, as they had expected that there would be a 14 million unit sales volume.

Senior analyst for client devices at IDC, Jarit Sidhu, explained that the slowing growth rate in the smartphone market is primarily due to low customer confidence and sentiment in an environment of political instability.

Technology news shows massive smartphone sales increases in APAC

According to the latest statistics, these figures have climbed by 74 percent over last year.

A brand new technology news report has just been released that has stated that the Asia Pacific countries, as well as those in Eastern Europe and Latin America are the regions experiencing the highest amount of growth in the sale of smartphones.

The data that was released in the report showed skyrocketing rates of growth in the sale of the devices.

The report was first printed in a large online Asian technology news site, and stated that when compared to the same time last year, there has been a 74.1 percent growth rate of smartphones in Asia Pacific countries, a 55.7 percent increase in Latin American countries, and a 31.6 percent rise in the Easter European sales.

The technology news data, itself, was collected and provided by Gartner, confirming that smartphones are still taking off.

Technology News - smartphone sales increase in asia pacificIt provided confirmation to what many technology news sources had already been suggesting, that smartphone sales are steadily and rapidly on the rise around pretty much all regions around the globe. It went on to say that in the second quarter of this year, the mobile phone sales worldwide, to the end consumers, was up to 435 million units. This was a global increase of 3.6 percent when compared to the same time in 2012.

In the second quarter of 2013, smartphone sales increased by 46.5 percent, making it the first time in history that these devices exceeded the sale of smartphones. The technology news went on to indicate that during that quarter alone, the sale of smartphones to the end consumer came up to 225 million units, while at the same time, only 210 million units of feature phones were sold.

Worldwide, the technology news was the best for Samsung, which continued to hold its top position in the smartphone marketplace. Its share of the smartphone market rose to 31.7 percent, in comparison to the 29.7 percent that it had reached in the same quarter in 2012.

According to an technology news statement released by the principal research analyst, Anshul Gupta, from Gartner, “Smartphones accounted for 51.8% of mobile phone sales in the second quarter of 2013, resulting in smartphone sales surpassing feature phone sales for the first time.”