A new study from market researcher NDP estimates that, by 2017, smartphones will account for 82 percent of the phone market, VentureBeat reported on November 25.
As of the third quarter of 2013, approximately 50 percent of the market was comprised of smartphones.
“Smartphone market growth is being fueled by entry-level smartphones from international brands and white-box vendors in emerging markets,” Tina Teng, an analyst at NPD, told VentureBeat in an interview. “We expect aggressive pricing moves to continue, prompting first-time smartphone buyers to upgrade earlier.”
To learn more about the study results, read the full story here.
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