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Market Research Projects Smartphone Sales at 1 Billion Units by 2016
Posted: 24-Jan-2012 [Source: Market Research]

[According to Market Research, the smartphone market is expected to reach 1 billion annual sales by 2016.]

ROCKVILLE, MD -- The Smartphone market is currently the fastest-growing segment and it will continue to outpace the overall handset market for the foreseeable future. User friendly platform and evolving user behavior pattern are responsible for its exponential growth.

In the past few years Smartphone sales have grown exponentially. In 2011, 472 million Smartphones were sold worldwide. This is expected to rise to 1 billion by 2016. Smartphones now account for 17% of all global mobile handset sales. Particularly in the USA, 43% end-users have Smartphones which is equivalent to France, Germany, Italy, Spain and the UK.

Among the four major operating platforms Android leads the market with 47% market share beating Apple who has 29%. However 57% mobile operating profits are in Apple's basket. The user behavior pattern has also experienced a major shift from voice to data centric in the last year and sleek design of handset. Usage and growth in social networking, mobile payments, and many expected other non-voice applications driven by LTE are expected.

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