US firm predicts slump in global smartphone market

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International Data Corporation (IDC), an American market research, analysis and advisory firm has predicted that smartphone shipments worldwide will grow at just 11.3 percent this year, down from 27.6 percent last year. The firm stated that the reason behind this was the sluggish growth of the Chinese smartphone market which seems to have reached a saturation point. It also said that 2015 will be the first year that China’s smartphone growth (2.5 percent) will be slower than the global market.

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IDC also noted that slowdown in Chinese smartphone market will also impact Android’s growth as the Google driven mobile platform is also expected to see slower growth than the global market at 8.5 percent in 2015.

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The figures were in line with smartphone shipment reports released by IDC earlier this year, in which it had predicted 11.8 percent worldwide growth in 2015.

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