Maybe Don't Wait to Buy a Phone: Tariffs Expected to Slow Smartphone Shipment Growth

If you're thinking about buying a smartphone, now's the time to start shopping around. The technology research firm International Data Corporation has lowered its smartphone shipment growth forecast to 0.6% year-over-year because of economic challenges. One of the big reasons cited is the Trump Administration's tariffs. In February, IDC predicted 2.3% growth for the year but that was before Trump's tariffs, which put extra charges on items imported from other countries, especially China. The IDC updated its worldwide quarterly mobile phone tracker on Thursday to show the shift. What does that mean for smartphone availability and prices? Here's what you need to know. The US and China will lead smartphone growth despite trade war Among all countries tracked globally, the US and China will drive the 0.6% growth, with China expected to have 3% year-over-year growth in smartphone shipment growth and the US expecting a 1.9% growth rate. That's down from the previous projection caused by ... Read full article.