Report says Smartphone sales to grow 3% in the US by 2028

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Anjali Sharma

GG News Bureau
NEW YORK, 15th May.
According to data presented by Stocklytics.com on Tuesday the total sales revenue of Smartphone in the US will drop by $1.2 billion (year-over-year) this year.

The 2024 bring a decline in Smartphone sales in the US, a new report showed that it is expected to grow only 3 per cent by 2028.

The report said that “After reaching record highs at the peak of the Covid-19 pandemic, US Smartphone sales have been on an up-and-down trend, with the total sales revenue dropping by 10 per cent and then growing by 15 per cent year by year”.

It stated that the ongoing battle between iOS and Android has taken an unexpected twist, with the rate of iPhone activations in the US, a key indicator of Apple’s market share, dropping to 33 per cent in Q1, the lowest figure in seven years.

“This decline shows a growing market share for Android devices, which now account for two out of every three new activations.

“However, despite Americans choosing more affordable Android devices over iOS smartphones, total sales in the US market are still expected to continue dropping,” the report noted.

US market is predicted to generate $60.8 billion in revenue in 2024 — $1.2 billion less than last year as per Statista market insights.

Chinese Smartphone sales are expected to fall by $13.7 billion (year-over-year), while the European market will witness the smallest drop of only $600 million.

The slowdown in US Smartphone sales is expected to reduce the country’s share in the global Smartphone landscape.

US will make up only 10% of global Smartphone sales in 2028, or 2% less than this year as per the data..

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