Smartphone Market Grows Again
The smartphone market set a new single-quarter record of 295.3 million shipments in the second quarter of this year after 240 million in the year-ago quarter, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.
The market grew 23.1 percent since last year, and 2.6 percent after a strong first quarter.
IDC said the growth is a result of ongoing demand for mobile computing and a plethora of low-cost smartphones that have hit the market.
The growth comes as no surprise as IDC said it falls in line with its 2014 projections. The research firm expects the market to surpass 300 million units in the third quarter, which would be a single-quarter record.