Travel eSIM Users to Grow 440 Percent Over the Next 5 Years
According to a new study from Juniper Research, the global number of travel eSIM users will grow from 40 million in 2024 to over 215 million by 2028.
According to preliminary data from IDC, smartphone vendors shipped a total of 334.3 million units during the first quarter of 2018 (1Q18), resulting in a 2.9% decline when compared to the 344.4 million units shipped in the first quarter of 2017. The China market was the biggest driver of this decline with shipment volumes dipping below 100 million in the quarter, which hasn't happened since the third quarter of 2013.
"Globally, as well as in China, a key bellwether, smartphone consumers are trading up to more premium devices, but there are no longer as many new smartphone converts, resulting in shipments dropping," said Melissa Chau, associate research director with IDC's Worldwide Mobile Device Trackers. "When we look at it from a dollar value perspective, the smartphone market is still climbing and will continue to grow over the years to come as consumers are increasingly reliant on these devices for the bulk of their computing needs.
"Despite new flagships from the likes of Samsung and Huawei, along with the first full quarter of iPhone X shipments, consumers looked unwilling to shell out big money for the latest and greatest devices on the market," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "The abundance of ultra-high-end flagships with big price tags released over the past 12-18 months has most likely halted the upgrade cycle in the near term. It now looks as if consumers are not willing to shell out this kind of money for a new device that brings minimal upgrades over their current device. Looking forward, more affordable premium devices might be the solution the market needs in the second half of the year to drive shipments back in a positive direction.
Samsung remained the leader in the worldwide smartphone market grabbing 23.4% share despite experiencing a 2.4% decline from Q1 2017. Apple's first quarter saw the iPhone maker move 52.2 million iPhones representing a modest 2.8% year-over-year increase from the 50.8 million units shipped last year. Huawei climbed to a new market share high of 11.8% even as it remained in third overall. Huawei has toed the line between maintaining a strong domestic position while slowly upscaling its brand image in international markets with dividends paying off as it beat the average global growth rate, reaching 13.8% year over year.
Xiaomi's strong performance has no doubt been due to its strong growth outside of China with 1Q18 the first quarter that less than half of its shipments were domestic, a transition that very few Chinese companies have reached. OPPO held the fifth position with its year-over-year decline of 7.5% more a result of the China slowdown than of its performance overseas, as both share and shipment volumes abroad increased in the first quarter.
Worldwide Smartphone Market, Q1 2018(shipments in millions) | |||||
Company | 1Q18 Shipments | 1Q18 Market Share | 1Q17 Shipments | 1Q17 Market Share | Year-Over-Year Change |
Samsung | 78.2 | 23.4% | 80.1 | 23.3% | -2.4% |
Apple | 52.2 | 15.6% | 50.8 | 14.7% | 2.8% |
Huawei | 39.3 | 11.8% | 34.5 | 10.0% | 13.8% |
Xiaomi | 28.0 | 8.4% | 14.8 | 4.3% | 87.8% |
OPPO | 23.9 | 7.1% | 25.8 | 7.5% | -7.5% |
Others | 112.7 | 33.7% | 138.3 | 40.2% | -18.5% |
Total | 334.3 | 100.0% | 344.4 | 100.0% | -2.9% |