According to Research and Markets (www.researchandmarkets.com), the global smartphone market will grow at a CAGR [compound annual growth rate] of 15.3% over the period 2013-2018. One of the key factors contributing to this market growth is the declining ASP [average selling price] of smartphones.
The global smartphones market has also been witnessing increasing demand for large-screen smartphones, according to the research group. However, the high production cost could pose a challenge to the growth of this market.
Commenting on the report, Research and Markets says: "The Global Smartphones market is expected to witness significant growth due to some emerging trends that are likely to have a positive impact on market growth over the next few years. One such trend is the increasing demand for large-screen smartphones. With the emergence of new technologies such as cloud computing,...| Read more »