According to IDC, smartphone shipments are forecast to grow 13.9% YoY in 1Q21 and 5.5% for the full year 2021. This growth will be driven by continued recovery in demand and a supply-side push of 5G devices. IDC expects the global smartphone market to deliver a compound annual growth rate (CAGR) of 3.6% over the 2020–2025 forecast period. IDC expects 5G smartphone shipments to account for more than 40% of global volume in 2021 and grow to 69% in 2025. Both factors have helped to increase the overall average selling price (ASP) for smartphones to USD363 in 2021. (Gizmo China, IDC)