Tech Bellwether Murata Sees Smartphone Market Growing This Year
- Leading supplier to device makers says market has bottomed out
- Momentum in India and wider 5G adoption seen driving demand
Kyoto-based Murata is a bellwether for the smartphone industry.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The global smartphone market has at long last bottomed out and will recover this year, thanks to strong demand in India and other parts of Southeast Asia, according to mobile industry bellwether Murata Manufacturing Co.
Low-priced smartphones are driving sales and the overall market will likely grow by a single-digit percentage on a unit basis both this fiscal year through March and the next, President Norio Nakajima said in an interview Tuesday.