As per market research firm Strategy Analytics, the smartphone market is set to grow at 38% year over year in the second quarter of 2012. At the same time it has cautioned that the growth may be halted thereafter due to the economic slowdown in North America and Asia, as well as the economic crisis in Europe.
Image courtesy: BGR
We believe that Samsung’s latest flagship device, the Galaxy SIII has a huge hand in the performance of the smartphone sales in the second quarter. Galaxy SIII is expected to top 10 million in sales by July.
But, at the same time it expects the sales of the smartphones to bounce back in a few months towards the end of the year due to the expected release of the much awaited iPhone 5 by Apple. Besides, Strategy Analytics also expects a lot of smartphones users to upgrade their smartphones to the 4G LTE capable ones, thus further fuelling the growth of the smartphone market.
4G LTE has been named as the “industry’s most important segment” for 2012 with the shipments of the 4G LTE capable handsets to increase ten folds.
We expect the Nokia – Microsoft partnership to make inroads in the smartphone market with their Windows Phone 8 based smartphones and establish them as the clear third platform by the end of 2012.