Wealth Management by

Global smartphones shipments topped 1bn in 2013

January 29, 2014 12:00 am

According to a research by IDC, global smartphone market has exceeded one billion shipments for the first time in 2013. In the worldwide mobile phone market, inclusive of smartphones, vendors shipped 1,821.8 million units, up 4.8% from the 1,738.1 million units shipped 2012. In the fourth quarter of 2013 alone, vendors shipped a total of 488.4 million units worldwide, up 0.9% from the 484.0 million units shipped during the same period a year ago. “Among the top trends driving smartphone growth are large screen devices and low cost,” said Ryan Reith, Program Director with IDC’s Worldwide Quarterly Mobile Phone Tracker. “Of the two, I have to say that low cost is the key difference maker. Cheap devices are not the attractive segment that normally grabs headlines, but IDC data shows this is the portion of the market that is driving volume.”