The report finds that global mobile phone market volume
reached 1.96 billion units in 2016 and is estimated to grow by 0.5% to nearly 2
billion units in 2017. The market has dropped to single digits, representing
that the market goes through a plateau period. On top of that, MIC predicts
that the combined share of smartphones priced at USD300 or below is estimated
to hit over 60% in 2017 with most of them running on Android.