Worldwide Mobile Phone Market To Grow 7.3 Percent in 2013 Due to Strong Smartphone Demand

idc-logo1The worldwide mobile phone market is projected to grow 7.3 percent year-over-year in 2013, up from the nearly flat 1.2 percent growth experienced in 2012 and higher than the 5.8 percent originally forecast for 2013, due to the strong demand for smartphones across all geographies, which is forecast to cause smartphone shipments to surpass one billion units for the first time in a single year, according to a recent International Data Corporation (IDC) report. The Worldwide Quarterly Mobile Phone Tracker also expects the overall mobile phone market to grow faster than previously forecast due to strong gains in emerging markets and the sub-$200 smartphone segment causing a better than expected first half of the year.

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