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Gartner: Global IT Device Spending to Reach $704 Billion in 2018

Worldwide IT device spending is projected to total $704 billion in 2018, an increase of 5.6% from 2017, according to the latest forecast by Gartner.

In 2017, the devices segment experienced growth for the first time in two years, with an increase of 5.7%. End-user spending on mobile phones is expected to increase marginally, as average selling prices continue to creep upward, even as unit sales are forecast to be lower.

PC growth is expected to be flat in 2018, even as continued Windows 10 migration is expected to drive positive growth in the business market in China, Latin America and Eastern Europe.

The impact of the iPhone 8 and iPhone X was minimal in 2017, as expected. However, iOS shipments are expected to grow 9.1% in 2018.