If there's an eventual downside to the rising smartphone phenomenon, it's not in sight. The worldwide smartphone market reached yet another key milestone, having shipped one billion units in a single year for the first time. According to the latest global market study by International Data Corporation (IDC), vendors shipped a total of 1,004.2 million smartphones worldwide -- that's up 38.4 percent from the 725.3 million units in 2012. This aligns with IDC's most recent forecast prediction of 1,010.4 million units, making for a difference of less than 1 percent. Smartphones accounted for 55.1 percent of all mobile phone shipments in 2013, up from the 41.7 percent of all mobile phone shipments in 2012. In the fourth quarter of 2013 (4Q13), vendors shipped a total of 284.4 million smartphones worldwide, up 24.2 percent from the 229.0 million units shipped in 4Q12. In the worldwide mobile phone market (inclusive of smartphones), vendors shipped 1,821.8 million un...
TMT Market Research and Analysis