Thursday stat: Smartphone sales are expected to reach the 1 billion mark in 2014! An estimated 472 million smartphones were sold globally last year, accounting for 31% of all mobile devices sold. A lot of the demand is driven by China and the cheaper smartphones now flooding the mobile market. Global sales of smartphones will top 1 billion units in 2014, according to one analyst’s estimate.
The article excerpt below is from Mashable. Click the link at the bottom to read the full story on their website.
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Smartphone Sales to Hit 1 Billion in 2014 [STUDY]
April 12 2012
Credit Suisse predicts sales of the devices will grow about 46% this year to 687.9 million units, according to a report by Reuters. Reps from Credit Suisse could not be reached for comment.
Much of that demand is being driven by China and cheaper smartphones that are flooding the market. Credit Suisse also forecasts a 23% market share for Apple and 11% for Nokia over the long term. Other winners include Samsung and Huawei, though Motorola, HTC, Sony and BlackBerry maker Research In Motion are all expected to lose market share.