Smartphone Market Posts 23.1% YOY Growth, IDC

report for IDC reveals. This growth of 23.1% year on year, follows up the strong showing in the first quarter of 2014, ultimately resulting in a sequential increase of just 2.6% this past quarter. The market research firm says that these increased sales are fueled by ongoing demand for mobile computing. And, of course, aided by the abundant availability of low cost, affordable smartphones. In the words of Ryan Reith, program director, IDC Worldwide Quarterly Mobile Phone Tracker:

“A record second quarter proves that the smartphone market has plenty of opportunity and momentum. Right now we have more than a dozen vendors that are capable of landing in the top 5 next quarter. A handful of these companies are currently operating in a single country, but no one should mistake that for complacency – they all recognize the opportunity that lies outside their home turf.”

Should make for an interesting showdown, this. In terms of overall sales, Samsung managed to keep its lead, as the South Korean company saw off several threats in what was a challenging quarter. The company currently enjoys a sublime 25.2% market share. Chinese handset makers also registered notable ups in sales, Huawei and Lenovo in particular. Huawei, for instance, managed to almost double its sales compared to last year. Nokia, or rather Microsoft, is not in this list, and it might be a fair while before the company can crack the top five. But Windows Phone now has all the momentum in the world, all that is necessary is to channel it correctly, with help from local vendors and large partners.]]>