THE BEANCOUNTERS at International Data Cooperation (IDC) have released figures showing massive growth in the smartphone market since the first quarter of 2010.
The numbers published by IDC show that the smartphone market has grown by 79.7 per cent over last year. According IDC this was due to vendors releasing highly anticipated models, good availability of older smartphones at affordable prices and sustained demand for the devices.
A total of 99.6m smartphone units were shipped in the first quarter of 2011, approaching double the 55.4m units shipped in the first quarter of 2010.
Ramon Llamas, a senior research analyst at IDC said, "Conditions in the smartphone market are creating a perfect storm for sustained smartphone growth."
It is certainly true that the smartphone market is buzzing with a large number of products being released by many different vendors. With each new smartphone comes more competition and phones are becoming more and more powerful and capable of doing more useful things.
Competition between these vendors can have both a positive and a negative effect. On the one hand the products need to be good for consumers to want to buy them, but on the other hand vendors can rush products to market, meaning quality is compromised.
We've started seeing handsets that have dual core processors, such as the Samsung Galaxy S II. And Motorola's latest handset called the Atrix is capable of powering a laptop dock with an 11in screen.
IDC said the leading five smartphone vendors based on first quarter 2011 results had a combined 76.7 per cent market share.
Nokia hung on to the top spot with 24.3 per cent, followed by Apple with 18.7 per cent, and RIM came in third place with 14 per cent.
Samsung and HTC came in fourth and fifth with 10.8 and 8.9 per cent market share, respectively.
Since the first quarter of 2010 there have been some notable shifts in the vendors' market shares.
Most noticeably, Nokia's market share dropped a whopping 14.5 per cent. Samsung and HTC market shares increased by 6.5 and 4.9 per cent, respectively, and Apple increased its market share by 3.0 per cent, while RIM's market share fell by 5.1 per cent. µ
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