China and the U.S. stand out as some of the biggest markets for smartphones after 2017.
In January 2007, Steve Jobs referred to the iPhone as “a revolutionary and magical product”. He wasn’t wrong.
As technology grew smarter and better, it was just a matter of time until these devices took over our lives. Today, there are as many as 2,500 million smartphone users in the world, according to Statista, and China and the U.S. make up for most of them.
Although countries like India, Brazil and Russia continue building their salesforce regarding smartphone ownership, China and the U.S. have a monstrous market movement as the Chinese territory was predicted to have just over 1.4 billion mobile connections as of last year.
China leads the smartphone industry as half of its population is projected to use a smartphone by 2020.
The U.S., on the other side, has become an invaluable market for the industry, as 223 million smartphone users were counted in 2017, becoming one of the biggest and profitable places for the next-generation phones, however, addiction to it has also peaked.
This case seems worst among teenagers, as a YouGov report has shown more than half of U.S. teens (age 13 to 17) state that they couldn’t live without using a smartphone for more than a day.
Across the entire world, smartphone users are expected to grow by one billion in a time span of five years, which means there will be 2.7 billion smartphone users by 2019.
Samsung and Apple are leading smartphone vendors, with about 18 percent of the market share each, and it seems the future still belongs to them.