Global sales of smartphones will top one billion units in 2014

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According to Credit Suisse, in 2014 global smartphones annual sales will cross the billion-unit mark, helped by strong demand from China and the launch of cheaper low-end handsets. Below a brief recap

  • Sales across the globe will grow about 46 percent to 687.9 million units this year and will touch 1.05 billion units in 2014. The smartphone market in China will account for 22% of global units by 2015
  • Apple Inc gain the most in an environment where the “success in smartphones will be impacted by success in PCs and tablets.” The world’s top smartphone maker will corner a 23% market share this year, helped by its strong distribution network, software and services platform and innovation in hardware.
  • The analysts expect Nokia Corp to drive earnings recovery in 2013 and gain an 11% market share in the long term, based on carrier support, competitive pricing and strength in brand and distribution. On Wednesday, the world’s number three phone maker said it would post losses in the first two quarters of this year as it struggles to revamp its product portfolio to compete with Apple and Samsung.

Source reuters.com

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