Although research firm IDC is predicting the global smartphone market will continue to grow by leaps and bounds in the years ahead, the firm is also cautioning that that growth won't occur through sales of expensive phones. Instead, IDC is forecasting the average smartphone will cost just $265 by 2017.
The market has long talked of the democratisation of smartphones in order to connect people in emerging and developing markets, but the mobile community still has a deal of work ahead to ensure there are more attractive devices out there at a lower cost to give people more options.
The global smartphone market has calcified at the top, with Samsung Electronics and Apple continuing to lead the field by large margins, according to the latest reports from research firms Strategy Analytics and IDC. The fight is over which companies can clamor over each other to get to the No. 3 spot--and in the third quarter analysts concluded it was Chinese vendor Huawei.
The African smartphone market is set to double in volume over the next four years and account for close to one third of all handset shipments to the continent by 2017, according to a new report from research firm IDC.
Sales of Internet-connected gaming consoles such as Microsoft's Xbox and the Sony PlayStation will jump to more than 165 million annually by 2017, International Data Corp. predicted in a research report released Wednesday.
Smartphone shipments in China are expected to grow by more than a quarter in 2014 compared to the expected shipments in 2013, according to research firm IDC. The research house thinks that growth will be driven by the launch of TD-LTE networks and Apple's expected deal with China Mobile.
Research firm IDC slightly lowered its sales forecast for the tablet market for 2013, warning that the market will likely be slowed by the growth of so-called phablet smartphones with screens of five inches or larger as well as the emergence of wearable computing devices.
IDC said it has slightly lowered its tablet forecasts due to competing form factors such as larger smartphones and wearable devices.
Smartphone sales overtook feature phones sales globally for the first time in the second quarter, according to research firm Gartner. The move was forecast to happen this year.
Research firm IDC found that Apple's share of the smartphone market decreased from 16.6 percent a year ago to 13.2 percent in the second quarter of this year, a decline the firm attributed to the fact that Apple hasn't released a new iPhone in close to a year.