New Delhi, Feb 23, 2018: For the first time since 2004, the global sales of smartphones has suffered a decline year-on-year since 2004. A report by a research firm Gartner that tracks the global smartphone sales, has indicated that only 408 million unites were sold in the last quarter of 2017, which is a decline of 5.6% from the last quarter of 2016. In the final quarter of 2016, smart phone sales stood at 432 million.
One of the major reasons for the slump in sales in the longevity, both in terms of durability and software viability, of the smartphones in the current market. The consumers are willing to stick to their phones longer than they previously used to. In addition, the consumers have become wary of new phones being launched so often without offering any significant upgrades.