It goes without saying the global health issue has significantly hit the phone market, and companies like Samsung and Huawei have recorded a substantial drop in some specific regions, such as the Western Europe.
But according to research firm IDC, the smartphone market is expected to recover in the fourth quarter of the year, partially thanks to the strong demand for 5G models that went live throughout this year.
Indeed, the 5G smartphone market has grown a lot lately thanks to the release of more devices. Apple is one of the companies contributing to this trend, as the entire iPhone 12 lineup comes with support for 5G.
The smartphone market is expected to grow 2.4 percent year over year in the next quarter, while another growth, this time of 4.4 percent, is projected to happen in the first quarter of 2021, mostly fueled by the growing demand in late 2020.