Gartner: Smartphone Sales to Bounce Back in 2020, Thanks to 5G

Following a lackluster showing in 2019, worldwide smartphone sales are expected to bounce back this year as more 5G handsets hit the market, according to the latest estimates from market researcher Gartner. Don't expect blockbuster gains, though: Gartner estimates that unit volumes will increase 3% to 1.57 billion smartphones this year. Still, that beats the 2% decline that the market registered -- its first-ever drop -- last year in the face of rising phone prices and slowing upgrades.

In contrast, IDC estimated a few months ago that smartphone shipments would increase 1.6% to 1.37 billion in 2020, although IDC measures shipments into distribution channels while Gartner is approximating sales to end users.

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Source Fool.com