One billion smartphones are expected to be shipped this year, helping the global mobile phone market to rebound from just 1.2 percent growth in 2012 to 7.3, percent in 2013, according to IDC Worldwide Quarterly Mobile Phone Tracker.
The overall mobile phone market is growing faster than previously forecast thanks to a stronger-than-expected first half of the year driven by strong gains in emerging markets and the sub-US$200 smartphone segment. IDC previously projected 5.8 percent growth for the year. Vendors are now forecast to ship more than 1.8 billion mobile phones this year, growing to over 2.3 billion mobile phones in 2017.
Worldwide smartphone shipment is forecast to grow 40.0 percent year over year to more than one billion units this year. High smartphone growth is the result of a variety of factors, including steep device subsidies from carriers, especially in mature economic markets, as well as a…
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