While PCs are on a clear decline, the smartphone universe is growing by leaps and bounds. According to the latest International Data Corporation (IDC) report, the global smartphone market is expected to grow by 7.3 percent this year with shipments expected to surpass 1 billion units.
This increase in forecast is due to the first half of this year, where sales were strong. This was largely due to emerging markets like India and China where sub-$200 smartphones are doing impressively well. In India, more than 67 percent of smartphones are priced below $200. If the current trend continues, IDC expects global shipments of smartphones to cross 2.3 billion in the next four years.
“Two years ago, the worldwide smartphone market flirted with shipping half a billion units for the first time – to double that in just two years highlights the ubiquity that smartphones have achieved,” said IDC’s Ramon Llamas. “The smartphone has gone from being a cutting-edge communications tool to becoming an essential component in the everyday lives of billions of consumers.”
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