Huawei's chief of consumer products said he's confident the company will meet its goal of shipping 140 million smartphones this year, the Wall Street Journal reported, which would mark a 30 percent year-over-year increase in a brutal worldwide smartphone market.
ABI Research predicted that accessories and sensor nodes will outpace smartphones and PCs for the first time in 2016 and account for more than 65 per cent of total active wireless connections by 2021.
LG Electronics expects its mobile division to report a fifth consecutive operating loss for the second quarter of 2016, Reuters reported.
Google is planning to launch its own phone later this year in an effort to take more control of its Android platform, The Telegraph reported this morning.
The Chinese tech firm LeEco paid Yahoo $250 million for a nearly 50-acre development site in Silicon Valley as it prepares to enter the U.S. smartphone market.
IHS said there were 8.1 billion connected smartphones, tablets, personal computers, TVs, TV-attached devices and audio devices across the globe at the end of 2015.
IDC predicted worldwide smartphone shipments will grow at a sluggish 3.1 percent clip in 2016, revising a previous forecast that had pegged the market to grow at 5.7 percent this year.
Western Europe is expected to lead the way in adding new connected devices to the Internet of Things (IoT), with the number of IoT devices in this market expected to increase 400 per cent by 2021 according to the latest Ericsson Mobility Report.
Pyramid Research forecasts that annual smartphone sales in the Middle East and Africa (MEA) will grow by a CAGR of 15 per cent to reach 238 million units by 2020.
GfK said smartphone shipments in Western Europe shrank by 6 per cent year-on-year to 30 million units in the first quarter of the year, marking the first time that demand has fallen in the region on an annual basis.