Industry tracker IDC has reeled in its outlook on smartphone growth for 2015, citing a “noticeable slowdown” in shipments as China graduates to a “more mature growth pattern.” IDC’s analysts are now modeling for a 10.4% increase in shipments, down from earlier expectations of an 11.3% increase and sharply below last year’s 27.5% increase. China’s growth is expected to slow to 1.2% in 2015, compared with a 19.7% increase in 2014. China will remain the largest market for smartphone volumes, with its share consuming more than 32% of the market in 2014, but its share is expected to be reduced to 23% by 2019 as higher-growth markets, such as India, expand. That may pose a problem for Apple Inc. , IDC said, because Google Inc.’s Android operating system will maintain its 81% global share through 2019, while iOS’s share will slide to 14.2% from 15.6%. Shares of Apple and Google both traded higher on Tuesday amid a broader market recovery, with the Dow Jones Industrial Average rallying 300 points.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News