From PC World: The smartphone market is showing signs of growth again, but barely, with shipments up nearly 1 percent year-on-year in the second quarter, according to Strategy Analytics.
The research firm, which had reported a 3 percent drop in the market in the last quarter, said Wednesday that there are indications that the market had bottomed out in the first half of this year. Multiple new product launches from vendors including Samsung Electronics and Apple could see an improving growth outlook for the second half of the year.
Another research firm Canalys reported Tuesday that smartphone shipments had returned to modest growth in the second quarter after a disappointing first quarter.
About 340.4 million smartphones were shipped in the second quarter, said Strategy Analytics, which added that the market had been hit by saturation in major markets like China and political events such as Britain’s decision to exit the European Union.
Earlier on Wednesday, the largest smartphone maker Samsung reported its most profitable quarter in two years, driven by increased sales of its flagship products such as the Galaxy S7 and S7 edge. The company’s mid-to low-end smartphone portfolio, including the Galaxy A and J series, also contributed to improved profitability, it said.
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