Smartphone shipments beat forecast as IDC reports 4.3 percent growth to 347.4 million in Q1 2017

Over 347 million smartphones were shipped in the first quarter of 2017, higher by 4.3% from the same period last year, research firm IDC said. While the growth dipped to low single digit for the first time, the first quarter numbers indicate that the industry could show some rebound in 2017, as per IDC's preliminary data. The growth rate of 4.3% is slightly higher than IDC's previous forecast of 3.6%.

"The first quarter smartphone results further prove that the smartphone industry is not dead and that growth still exists ... we believe the industry will show some rebound in 2017, and the strong first quarter results certainly support this argument," IDC program vice-president Ryan Reith said. While there are many premium re-designed flagships that have entered the market, IDC said going ahead, most of the growth would come from more affordable models in a variety of markets.

Samsung continued to lead the tally with 22.8% share, followed by Apple (14.9%), Huawei (9.8%), Oppo (7.4%) and Vivo (5.2%). This comes right after the latest research from Counterpoint's Market Monitor service points that smartphone shipments in India grew a healthy 15% annually in Q1 2017, reaching 29 million units. The top five brands contributed to almost 70% of the total smartphone market. Xiaomi, for the first time, jumped to the number two spot while Samsung continued to retain the top spot. Vivo, OPPO and Lenovo (includes Motorola) made up the rest of the top five.

With inputs from PTI

Published Date: May 02, 2017 09:49 am | Updated Date: May 02, 2017 09:49 am