Credit Suisse: Smartphone unit sales to hit 1 billion mark in 2014; Apple to gain the most

“Global smartphones annual sales will cross the billion-unit mark in 2014, helped by strong demand from China and the launch of cheaper low-end handsets, Credit Suisse said,” Rachana Khanzode reports for Reuters.

“Sales across the globe will grow about 46 percent to 687.9 million units this year and will touch 1.05 billion units in 2014, the note said,” Khanzode reports. “”We see robust growth for the smartphone market in China, which we think will account for 22 percent of global units by 2015,” analysts including Kulbinder Garcha wrote in a note.”

Khanzode reports, “The brokerage also expects Apple Inc to gain the most in an environment where the ‘success in smartphones will be impacted by success in PCs and tablets.’ The world’s top smartphone maker will corner a 23 percent market share this year, helped by its strong distribution network, software and services platform and innovation in hardware, Credit Suisse said. The analysts also expects Samsung — the world’s number two smartphone maker — and Huawei to gain market share.”

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