Smartphone market to experience explosive growth and grow at 44% CAGR

As better devices and lower prices combine with other factors to fuel growth and meet demand, smartphone shipments are set to rise dramatically over the next five years, reports In-Stat/MDR. According to the high-tech market research firm, smartphone shipments will experience a 44% Compound Annual Growth Rate (CAGR) over the next five years.

As better devices and lower prices combine with other factors to fuel growth and meet demand, smartphone shipments are set to rise dramatically over the next five years, reports In-Stat/MDR. According to the high-tech market research firm, smartphone shipments will experience a 44% Compound Annual Growth Rate (CAGR) over the next five years.

However, the big breakout period for these products is still about 12 to 18 months away. Yet, according to Neil Strother, a Senior Analyst with In-Stat/MDR, "This doesn

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