The year 2020 would be the year for the evolution of 5g technology, however, even the 5G technology couldn’t rescue the smartphone sales in 2020.
This year hasn’t been the kind of year that everyone hoped it to be. Even the report from Gartner shows that how bad 2020 was for smartphone sales.
The year was so unproductive that there was a 6.7% decline in the smartphone sales year over year for the third quarter. In normal circumstances, that wouldn’t qualify as good news for many industries and asbestos sales. However, the year was normal in some aspects.
We should look at some context before going any further. An important thing to note is that the mobile industry wasn’t the one where everything was going smoothly before the pandemic struck. Even in 2019, there were several headlines that smartphone sales were meager.
You should be familiar with the main reason for this decline. Firstly, the premium handsets got quite expensive and topped over $1000.
In 2019, smartphone devices were less than 1% of the US smartphone purchase 2019. Many factors are playing an important role here. Firstly, there weren’t tons of 5G models present in the States by the end of 2020. Secondly, the network rollout wasn’t complete.
The COVID-19 pandemic has affected smartphone sales big time. There are many reasons for this. Firstly, people aren’t leaving their homes much, so the money you could have allotted to the smartphone purchases has gone towards things such as PC because they have now shifted to a remote work set up. The other major issue here is economics. Many people have gone out of work, and so many things have become uncertain that smartphones have once again gone to luxury status.
Apple hasn’t disclosed its current earnings status, as it will introduce the earnings report next month. Right now, it seems that the company is heading in the right direction. This trend will continue as the new year sees many Android launches. Recently, Apple launched two of the best smartphones of 2020, which you can check out here.
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