Analysis and Studies - Products analysis
Smartphones: an overview
February 29th 2024
A smartphone is a mobile device that combines the functionality of a traditional mobile phone with advanced computing capabilities. It typically has a touchscreen interface, allowing users to access a wide range of applications and services, such as web browsing, email, and social media, as well as multimedia playback and streaming. Smartphones also have built-in cameras, GPS navigation, and support for various communication methods, including voice calls, text messaging, and internet-based messaging apps.
Since 1996, smartphone shipments have had positive growth. In November 2011, 27% of all photographs created were taken with camera-equipped smartphones. In September 2012, a study concluded that 4 out of 5 smartphone owners use the device to shop online. Global smartphone sales surpassed the sales figures for feature phones in early 2013. Worldwide shipments of smartphones topped 1 billion units in 2013, up 38% from 2012's 725 million, while comprising a 55% share of the mobile phone market in 2013, up from 42% in 2012.
In 2013, smartphone sales began to decline for the first time. In Q1 2016 for the first time the shipments dropped by 3 percent year on year. The situation was caused by the maturing China market. A report by NPD shows that fewer than 10% of US citizens have spent $1,000 or more on smartphones, as they are too expensive for most people, without introducing particularly innovative features, and amid Huawei, Oppo and Xiaomi introducing products with similar feature sets for lower prices. In 2019, smartphone sales declined by 3.2%, the largest in smartphone history, while China and India were credited with driving most smartphone sales worldwide. It is predicted that widespread adoption of 5G will help drive new smartphone sales.
About Economy
In 2021, Telephones (including smartphones) were the world's 21st most traded product, with a total trade of $121B. Between 2020 and 2021 the exports of Telephones decreased by -2.99%, from $125B to $121B. Trade in Telephones represent 0.58% of total world trade.
Telephones are a part of Electrical machinery and electronics. They include Parts of line telephone/telegraph equipment, nes, Telegraphic apparatus, nes, Telephonic or telegraphic switching apparatus, Apparatus, for carrier-current line systems, nes, Telephone sets, Telephonic apparatus, nes, and Teleprinters.
Exports
In 2021 the top exporters of Telephones were China ($53.9B), Vietnam ($25.3B), South Korea ($16.1B), Hong Kong ($4.12B), and Chinese Taipei ($2.74B).
Imports
In 2021 the top importers of Telephones were China ($23.2B), Hong Kong ($21.8B), Vietnam ($20.7B), India ($7.63B), and United States ($6.13B).
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/