Worldwide smartphone shipments is expected to reach 1.5 billion units by 2017, up from 712 million in 2012, according to a new report from IHS Inc. The Mobile & Wireless Communications Report revealed that smartphone shipments will reach 897 million units this year and will expand at a compound annual growth rate of 15.8 percent every year until 2017. That equates to 1.1 billion units in 2014, 1.2 billion units in 2015, and 1.4 billion units in 2016.
At the same time, Apple’s iPhone may be hitting a brick wall. The company shipped only 37.4 million units during Q1 2013, which fell below expectations. IHS predicts that even if the company releases a new iPhone in the second half of the year, 2013 iPhone sales will likely reach 150 million units, not a huge increase from 2012 when Apple sold 134 million units.
Meanwhile, other phone manufacturers are seeing growth. Here is more from IHS:
Samsung continued its strong growth in the first quarter with a sequential increase of 9 million units, while brands such as Coolpad and Gionee outshipping the likes of HTC and Motorola in the first quarter. Chinese smartphone OEMs were able to accomplish such growth on the back of a catalog of largely affordable smartphones, while Samsung rolled out a number of low-cost variants to its high-end flagship products.