It appears that the growth of the mobile phone market may have stalled as a new report has shown that smartphone shipments were down for the first year in 2017. The new information comes from venture capitalist Mary Meeker’s annual Internet Trends report. It presented the evidence that smartphone shipments declined by 0.5 percent in 2017, which could be a significant trend to take note of.
As The Verge reported, the 2016 findings were that smartphone shipments showed a two percent growth. However, in 2017 that wasn’t the case, as shipments declined by 0.5 percent. In addition, it’s mentioned that the average selling price for smartphones has fallen in recent times. This seems to indicate that more people are choosing to stay with an older model mobile phone they have rather than rushing out to get the newest model each year.
It’s also mentioned in the latest trends report that internet user growth was up seven percent in 2017. In the prior year, internet user growth was up 12 percent. The newest number seems to indicate some slowing in terms of how many new people are becoming internet users. On average, the vast number of people who do currently use the internet are doing so for about 5.9 hours per day.
When it comes to smartphones, there have been so many different models released in recent years that it’s become easier to get a good deal. People can buy a decent model that is a year or two old and still enjoy good specs and features with that phone. The newest phones are having trouble wowing anyone with the features which may seem too gimmicky at the moment. However, one has to think there will be some room for improvements and upgrades with concepts such as virtual reality, artificial intelligence, and the Blockchain all becoming very relevant for future technology.