“For the first time, market research firm IDC is predicting that 2015 will be the first year that the rate at which the worldwide smartphone market expands will sink into single digits. Turns out, most people who want smartphones probably already have ’em,” Davey Alba reports for Wired. “Counterintuitively, this is to Apple’s benefit.”
“Since most people who want smartphones in many parts of the world now already own them, it follows that more growth is likely to happen in the upgrade market than among first-time buyers in China,” Alba reports. “In its last reported quarter, Apple saw 99 percent revenue growth in the country compared to the same period last year. There’s yet more potential to convert smartphone owners into Apple users as the country continues its transition to 4G technology.”
“Finally, it’s because Apple is the undisputed king of premium smartphones that, even if the company doesn’t sell all the phones, it still makes massive piles of money.,” Alba reports. “It’s the little guys who are on the losing end.”
Read more in the full article here.
MacDailyNews Take: The signs are all lit up in flashing neon lights. Can, nay will, Wall Street finally see them?
[Thanks to MacDailyNews Reader “Thumper” for the heads up.]