Smartphone Sales To Grow 5 3 In 2021 Despite Chip Shortages
A 5.3 percent YoY growth wouldn’t have been bad a couple of years back. But considering the massive slowdown that the smartphone market experienced last year due to the coronavirus pandemic, there were bigger expectations this year. And the first quarter did set the tone for strong growth. Global shipments grew a staggering 20 percent YoY in Q1 2021. However, an unprecedented semiconductor shortage, which has disrupted production and caused supply shortages globally, has crushed all the hopes of a strong 2021 for the smartphone industry....