Handset Makers Adopt Android, Push Advanced 3G and 4G Smartphones, Business and Industry Trends Analysis

For 2020, analysts at Gartner reported that 1.38 billion mobile phone units were sold worldwide.  The company also forecast 1.54 billion unit sales for 2021.  Advanced smartphone features on modestly-priced handsets are helping to fuel sales. Upstart competitors have been growing in the mobile handset business.  However, this is a very challenging, highly competitive business.  Profit margins can be very thin (outside of Apple’s enormously profitable iPhone business). A firm in China called Xiaomi Corp. rapidly grew to be a major competitor in the handset manufacturer race.  Xiaomi’s phones are full-featured but sold at near cost.  The company is shipping…

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