Why smartphone sales are slowing down since few years ago?

Devices
1

Hi All.

Does anyone have an explanation, according to chart below, why smartphone sales are slowing down since few years ago?

Why smartphone sales are slowing down since few years ago
Why smartphone sales are slowing down since few years ago1128Ă—2048 97.1 KB

Image: Statista

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2

In my opinion, one if the reason is this: not any significant improvement or a big change took place during a few years ago.

All we saw iPhone(es) and Galaxies, just lenz order was changed :sweat_smile:

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3

In Indian context, purchasing power has decreased after Covid-19.

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4

I think there are some points to consider, although may not represent reason of smartphones decline (as per this chart).

  • Covid (2019 on)
  • Global chip crisis
  • Most people already have one smartphone (market saturation)
  • More use of other devices like tablets and smartwatches
  • Global economic scenario maybe leading people to postpone new smartphone acquisition
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5

Cost of living is biggest factor.

World economies slowed down due to wars.

Energy became expensive due to fuel shortage, causing massive hikes in all sorts of
household expenses thus driving down sales.

There is also factor of chip shortage and trade wars.

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6

I fully agree!

People now just wait longer to replace their phone, the older ones are just as good as new releases.

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7

I would say there is little added value on new phones to justify a new purchase.

Old one is still “good enough” for longer time.

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8

Someone said Apple slows down its old phones to force people to buy new phones.

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9

I think this too.

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10

Changed my S9 after almost 5 or 6 years.

Other than battery was perfectly fine.

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11

Exactly same for me :grin:.

I am still using S9, just changed battery once.

And honestly I have no motivation… Why to buy new 5G phone?

I am having high speed Wi-Fi connection at home / office everywhere :stuck_out_tongue_winking_eye:

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12

Had to buy new since Samsung isn’t supporting security updates for S9 and company requires mobile to have latest security patches.

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14

I just came across this post, and I check the dates of each smartphone release (available in Wikipedia). Interesting correlation:
2010 - Blackberry Torch (last kick of the giant) and iPhone 4
2014 - iPhone 6 and Samsung Galaxy Note 7
2017 - iPhone 8 and Samsung Galaxy Note 8
After that, Apple play with the position of the lenses and Huawei come with fold-able phones… but that’s it. Seems innovation has come to a plateau…
Cheers!