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Friday, 13 April 2012 - Smartphone sales to touch 1 billion-unit mark in 2014: Credit Suisse |
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See the best of Reuters photography.  See more  Inside North Korea Rare scenes from within the reclusive state.  Slideshow  Refugee art Drawings on the canvas of tents in Syrian refugee camps on the Turkish-Syrian border.  Slideshow  Smartphone sales to touch 1 billion-unit mark in 2014: Credit Suisse Tweet Share this Email Print Related News Sony CEO wields ax, sets turnaround targets 10:32am EDT Wall Street rises after five losing days, Alcoa soars Wed, Apr 11 2012 Nokia shares tumble after loss forecast Wed, Apr 11 2012 Sony sees record $6.4 billion loss on tax hit Tue, Apr 10 2012 Samsung hits a high Note, posts record quarterly profit Fri, Apr 6 2012 Analysis & Opinion Apple and Microsoft v. Google: patent war shifts to antitrust Taiwanese money can’t save Japan from Samsung Related Topics Tech » Media » Thu Apr 12, 2012 7:45am EDT (Reuters) - 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. 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. "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. 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 expect Nokia Corp to drive earnings recovery in 2013 and gain an 11 percent market share in the long term, based on carrier support, competitive pricing and strength in brand and distribution. On Wednesday, the world's number three phone maker said it would post losses in the first two quarters of this year as it struggles to revamp its product portfolio to compete with Apple and Samsung. The analysts also expects Samsung — the world's number two smartphone maker — and Huawei to gain market share. But they said there are increasing signs of vulnerability for Motorola Mobility Holdings Inc, HTC Corp and Sony Corp, and predicted a rapid decline for BlackBerry maker Research In Motion. The brokerage also said wireless chipmaker Qualcomm Inc will see its license business grow 17 percent this year, and raised its price target on the stock to $80 from $70. (Reporting by Rachana Khanzode in Bangalore; Editing by Joyjeet Das) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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