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Samsung, Apple And Huawei Lead Smartphone Sales: 5 Takeaways From IDC's 2017 Q1 Report

Despite concerns of over saturation in the smartphone market, sales were strong in the first quarter of the year.

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Sales Are Beating Expectations

IDC had been forecasting year-over-year growth in the smartphone market in Q1. But the actual results exceeded the firm's estimates. IDC found that smartphone shipments worldwide grew 4.3 percent during the first quarter, from the same period a year earlier to 347.4 million (an increase of about 15 million smartphone shipments). Previously, IDC had been forecasting 3.6 percent growth for the quarter. The results "further prove that the smartphone industry is not dead and that growth still exists," said Ryan Reith, program vice president with IDC's Worldwide Quarterly Mobile Device Trackers, in a news release announcing the results.

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