Image default
Greek News

The Trillion-Dollar Smartphone Economy

Over the past decade, the smartphone market has seen unprecedented growth, resulting in hundreds of billions in sales annually. Smartphones have turned Apple into the trillion-dollar company it is today and put companies such as Huawei and Xiaomi on the map internationally. But there’s more to the smartphone’s success story than “just” hardware sales.

As Deloitte points out in its TMT Predictions 2020 report, out today, the smartphone’s rise has enabled numerous other industries to generate billions of dollars in sales each year. The so-called “smartphone multiplier”, i.e. products and services depending on smartphone ownership, is expected to drive $459 billion in global sales next year, just shy of the $484 billion Deloitte predicts in actual smartphone sales.

According to Deloitte, the smartphone multiplier comprises of a wide array of products and services, including hardware (e.g. cases, chargers, audio accessories, wearables), content (e.g. mobile ads, streaming subscriptions and most importantly apps) and services (e.g. repairs, insurance, cloud storage), and could soon eclipse actual handset sales as the biggest revenue driver in the smartphone economy.

source statista

Infographic: The Trillion-Dollar Smartphone Economy | Statista You will find more infographics at Statista

Σχετικα αρθρα

The countries that produce the highest per capita emissions (infographic)

admin

COVID-19 crisis threatens to double Turkey’s unemployed

admin

Greek Prime Minister to meet with bank chiefs

admin

Greece generates nearly half of its electricity from coal (infographic)

admin

Mitsotakis at SETE Assembly: We will not hesitate to take support measures in July

admin

The world’s largest car manufacturers (infographic)

admin

IGI Poseidon finalizes tendering procedure for offshore sections of EastMed

admin

PM Mitsotakis urges investors to choose Greece at CFR event

admin

Restaurants, cafes and catering re-open on Saturday

admin

Greek teachers lowest paid in OECD member states

admin

Greek travel receipts increased by 16,1% to €4,183 billion during August 2019

admin

Athens Stock Exchange opening: Big rise

admin

Thomas Cook on brink of collapse as 180,000 risk being stranded

admin

Turkey’s economy most vulnerable in G20 to COVID-19, Moody’s says

admin

Greek Stock Market crashes by over 10% on Monday

admin

iPhone Share of Apple Sales Increases (infographic)

admin

Coronavirus set to impact tech industry shipments (infographic)

admin

The US is the biggest importer of wines from the EU (infographic)

admin