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Smartphone growth in emerging markets to continue in 2019

IANS  |  New Delhi 

The market, which is still reeling under the first ever annual decline in 2018, is poised to grow in the emerging markets, a new report by Research said on Friday.

Emerging markets contribute 59 per cent of global shipments. Excluding China, they make up 32 per cent of the global market.

"Recently, the (IMF) projected that economic growth in emerging markets, during 2019, will be faster (4.7 per cent) than developed markets (2.1 per cent). This is a good omen for the smartphone market," Tarun Pathak, Associate Director at Research, said in a statement.

According to Counterpoint's "Market Outlook", emerging markets excluding (EMXC) will grow faster (6 per cent) than in 2018 (4 per cent).

The growth rate continues to be faster than the overall smartphone market, which is likely to see a second successive year of decline in 2019.

"Growth in emerging markets is a positive indicator for certain OEMs looking to expand in these markets," Pathak added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 14 2019. 17:50 IST