U.S. Markets close in 3 hrs 33 mins

Global smartphone shipments had 0% growth in 2017

Has the smartphone market peaked? That’s what Mary Meeker, a general partner at venture capital firm Kleiner Perkins Caufield & Byers, suggested on Wednesday when she presented her annual internet trends report at the Code Conference in Rancho Palos Verdes, California. According to Meeker, new global smartphone unit shipments had 0% growth — yes, 0% growth — in 2017, versus 2% in 2016.