Global smartphone market to shrink in 2019: TrendForce report

Global smartphone market,smartphone market, TrendForce report

The global smartphone market is expected to shrink further in 2019 due to weaker demand and other unfavourable factors, a report said on Tuesday.

Global smartphone production is expected to reach 1.41 billion units this year, down 3.3 % from the previous year, according to the report from TrendForce, a leading market intelligence provider.

Replacement demand is likely to slacken this year due to a lack of devices with landmark functions, TrendForce said, adding global smartphone output could drop as much as 5 % on-year due to the uncertainty and fallout from the ongoing trade war between the US and China, Yonhap news agency reported.

Samsung Electronics Co is projected to grab the leading market share of 20 % this year, followed by Huawei with 16 % and Apple Inc with 13 %.

Among the top three industry players, Huawei will likely become the only company to post positive growth in smartphone production.

Samsung’s smartphone output is predicted to shrink 8 % on-year to 293 million units, with Apple’s production likely to fall 15 % to 189 million.

Earlier, another industry tracker, Strategy Analytics, predicted global smartphone shipments to come to 1.43 billion this year, down 0.6 % from a year earlier.

Strategy Analytics forecast a market share of 20.3 % for Samsung, 16.1 % for Huawei and 14.4 % for Apple.

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas.


Want A Loan To Study Abroad? SBI Offers Global Ed-Vantage Loan. Details Here

Want A Loan To Study Abroad? SBI Offers Global Ed-Vantage Loan. Details Here

SBI’s Global Ed-Vantage loan amount can be repaid up to maximum of 15 years.

State Bank of India (SBI) offers various kinds of education loans. SBI offers an early approval facility for its Global Ed-Vantage scheme. This was said by the country’s largest bank on microblogging website, Twitter. SBI’s Global Ed-Vantage loan is an overseas education loan exclusively for those who wish to pursue full-time regular courses at foreign colleges or universities, according to SBI’s official website – Under SBI’s Global Ed-Vantage scheme, one can avail a minimum loan of Rs. 20 lakh and a maximum of Rs. 1.5 crore.
Here are all the details you need to know about SBI’s Global Ed-Vantage loan:

Eligible courses: Candidates pursuing regular graduate, post graduate or doctorate courses in any discipline offered by foreign institutes or universities in USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong and New Zealand.

Margin: A margin is an amount you need to pay from your own funds, while the rest is paid by the bank.

Scholarship/assistantship to be included in margin.

Margin to be brought in on year-on-year basis as and when disbursements are made on a pro-rata basis.

Processing fee: One has to a processing fee of Rs. 10,000 per application.

Rate of interest: Simple interest rate will be charged during course period plus the moratorium period.

Loan Limit 1 year MCLR Spread Effective Interest Rate Reset Period
Above Rs. 20 lacs & Upto Rs. 1.5 Cr 8.15% 2.50% 10.65% 1 year
Concession 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession 0.50% concession for girl students

Security: One needs to have a tangible collateral security.

Collateral security offered by third party (other than parents) will also be accepted.

Repayment And repayment holiday:

Accrued interest during the moratorium will be added to the principal and repayment in EMI (Equated Monthly Instalment) is fixed.

Repayment will commence 6 months after completion of course.

One can repay the amount up to maximum of 15 years