Durable Goods Orders Rise In July; Worldwide Smartphone Growth To Slow 10.4 Percent In 2015 Says IDC

CHARTINGU.S. stock indexes are moving solidly higher on Wednesday following a better than expected durable orders report for July that has sent the U.S. dollar higher against the euro.

The Commerce Department reported today that new orders for manufactured durable goods in July increased $ 4.6 billion or 2 percent to $241.1 billion., higher than the -3.5 percent forecast from briefing.com.

Over the past 2 months orders for manufactured durable goods has increased, following a 4.1 percent revised increase in June. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 1.0 percent. Transportation equipment led the increase with $ 3.8 billion or 4.7 percent to $83.2 billion.

Yesterday IDC reported that worldwide smartphone growth is expected to slow 10.4 percent in 2015, down from 27.5 percent in 2014, based on IDC’s latest Worldwide Quarterly Mobile Phone Tracker.

IDC reported that they expect to see a noticeable slowdown in smartphone shipments in 2015 as China joins North America and Western Europe in a more mature growth pattern.

India is poised to become a growth driver for smartphone growth.

“India has captured a lot of the attention that China previously received and it’s now the market with the most potential upside” said Ryan Reith, Program Director With IDC’s Worldwide Quarterly Mobile Phone Tracker.

Larger smartphones with 5.5″-7″ screens are expected to continue driving shipment volumes in both developed and emerging markets.

“Smartphones featuring display sizes from 5.5 inches to 6 inches are forecast to grow 84% in 2015 compared to last year, while phablets overall will make up over 71% of shipments by 2019” said Anthony Scarsella, Research Managing Director with IDC’s Mobile Phones team.

IDC reported that Android’s dominant 81 percent share in 2015 is expected to carry forward until 2019.

IDC’s view that the Microsoft Windows Phone will remain a marginal challenger at best has not changed.

-Johnathan Schweitzer

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