World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Smartphone Subscriptions More Than Doubled In 5 Years - 11% CAGR From 2016-2020

Smartphones have become ubiquitous in today’s society, giving us the ability to control many aspects of our lives with just our fingertips. Today’s smartphones act as a portal to our everyday needs and desires; from banking to shopping, from work to leisure, from hobbies to passions, our smartphone allows us to connect with the world more than ever before. According to data presented by Buyshares.co.za, smartphone subscriptions in 2020 has more doubled since 2015 to 6.1B units globally, growing at a CAGR of 10.54% in the 5-year period from 2016-2020.

Smartphone Subscriptions Doubled From 2015 to 2020 - 6.1B In 2020

The title of the very first smartphone belongs to the Simon Personal Communicator (SPC) which was produced and launched by IBM in 1994. A few of the SPC’s main features still remain as staples of modern-day smartphones, but the SPC would be unrecognizable as a smartphone among today’s generation of devices.

The iPhone’s launch in 2007 is what many consider the first version of the smartphone as we know it today. It was the first phone to offer access to the internet in its entirety and not a scaled-down version of it. For the first time ever you could browse the internet just like you would on your desktop computer or laptop.

Smartphones became mainstream soon after the iPhone’s launch and are now ubiquitous in today’s society. Swedish telecommunications company, Ericsson, estimates there to be 6.1B smartphone subscriptions in the world in 2020, over 101% more than 2015’s smartphone subscriptions. In the 5-year period from 2016-2020, smartphone subscriptions grew at a CAGR of 10.54%.

In the year that the first iPhone was released, it is estimated that 122M units of smartphones were sold to end-users. In 2018 that figure ballooned to a record 1.56B smartphones sold. 2019 posted similar numbers to 2018 but experienced a 10.5% YoY decrease in the pandemic ravaged year of 2020. The number of smartphones sold to end-users is projected to bounce back and increase by 11.4% YoY in 2021.

China Has Most Smartphone Users With Almost 1 Billion

China has an estimated 912M smartphone users in 2020, the most in the world. China’s smartphone penetration rate in 2020 stood at 63.4% which is the 8th highest in the world. Of the top 20 countries with the most smartphone users, the USA had the highest penetration rate of 81.6%. 15 other countries from the top 20 list, posted smartphone penetration rates of above 50%.

As of 2020, Newszoo estimates that there are 3.6B smartphone users worldwide. The same estimates project smartphone users to rise by almost 20% by 2023 to 4.3B. The smartphone penetration rate globally in 2020, stood at 46.45% compared to just 33.5% in 2016.

You can read more about the story with more statistics and information at: https://buyshares.co.za/blog/2021/04/06/smartphone-subscriptions-more-than-doubled-in-5-years-11-cagr-from-2016-2020/

© Scoop Media

 
 
 
World Headlines

 

UN Agency: Thousands Flee Fresh Clashes In Central African Republic

Recent fighting between government forces and rebels in northern Central African Republic (CAR) has forced more than 2,000 refugees into neighboring Chad over the past week, the UN refugee agency (UNHCR) said on Tuesday. According to the agency, ... More>>

UN Chief: World On The Verge Of Climate ‘Abyss’, As Temperature Rise Continues

The Earth’s temperature continues to rise unabated, with 2020 being one of the three warmest years on record, as extreme weather events combine with the COVID-19 pandemic, impacting millions. According to the World Meteorological Organization’s ... More>>

Covid: 250 Groups Urge WTO Chief To Ditch Pharma-Friendly Approach And Embrace Vaccine Patent Waiver

by Jake Johnson, staff writer An international coalition of 250 civil society groups on Tuesday urged the head of the World Trade Organization to embrace a temporary suspension of coronavirus vaccine-related patents, warning against pursuit of a voluntary ... More>>

Focus On: UN SDGs

C40: UN Secretary-General's Remarks To Meeting With Leading Mayors Supported By Cities

UN Secretary-General's remarks to Meeting with Leading Mayors Supported by C40 Cities: “Advancing a Carbon-Neutral, Resilient Recovery for Cities and Nations” 16 April 2021 Thank you for joining me today, and for your commitment and leadership. Cities ... More>>

Awake At Night: S3-Episode 21: There Is Hope

Brazzaville visit to CSI Pilote du Diabete with Health workers at a local government clinic. 2018 - Photo: ©CSI/Dr. Soumya Swaminathan 'When it comes to a pandemic, it really needs global collaboration and solidarity because the pathogens and viruses More>>

UN: Growing Calls For Revamping Development Financing To Ensure Sustainable Global Recovery From COVID-19 Pandemic

Forum to highlight new initiatives to tackle inequalities exacerbated by pandemic With many economies reeling as a result of the COVID-19 pandemic, and as inequalities continue to widen, world leaders will discuss options to unlock concrete investments ... More>>