The worldwide cell phone market grew 4% every year, a first beginning around 2017, as indicated by numbers shared by Counterpoint Research. Apple was the enormous champ this year as it hit record shipments. Yet, generally, store network deficiencies kept on tormenting most players.
The examination firm uncovered that the all out shipments for the worldwide cell phone market figured out how to hit 1.39 billion units in 2021, however the final quarter saw a decrease of 6%. The report additionally takes note of that notwithstanding the development, generally yearly shipments are still underneath the pre-pandemic level because of the continuous Covid-19 effect just as part deficiencies.
“The market recuperation might have been shockingly better notwithstanding the part deficiencies that affected a large part of the final part of 2021. The significant brands explored the part deficiencies relatively better and henceforth figured out how to develop by acquiring share from long-tail brands”, Harmeet Singh Walia, Senior Analyst at Counterpoint Research said in a press statement.He added that while repressed interest in locales like North America, Latin America and India drove recuperation, China, the world’s greatest cell phone market, kept on declining. This was generally due to “because of supply-side issues brought about by the continuous part deficiencies, just as request side issues coming about because of protracting substitution cycles,” as indicated by Walia.
The Indian market had a decent year in correlation however, determined by higher substitution rates, better accessibility and more alluring financing choices in mid-to high-level telephones.
“2021 was an extreme year, with part deficiencies adding further strain to a market fighting with waiting COVID-19 issues. Notwithstanding, the world is gradually getting on top of the pandemic, regardless of the danger of a resurgence towards the finish of last year, and with supply gives ideally reaching a conclusion towards the center of this current year, there is motivation to be hopeful for great development in 2022 in general,” Jan Stryjak, Research Director said.While Samsung drove the worldwide cell phone market, Apple, Xiaomi, OPPO and vivo recorded their most noteworthy ever yearly shipments. Further, the best five brands acquired piece of the pie because of a huge decay by Huawei, and LG’s exit from the cell phone business. It should be noticed that in the last quarter of 2021, Apple turned into the top cell phone merchant with 81.5 million units.