iPhone, Android Boost Smartphone Market

“Shipments of smartphones in the first quarter of 2010 grew to
54.7million units, a 56.7 percent increase over the first quarter
of 2009,according to a report from market researcher IDC. That’s
more than double the rate of the overall mobile market, which grew
21.7 percent year-over-year in the first quarter of 2010.

“This comes after a 38 percent year-over-year jump in Q4 of
2009, which was impressive in and of itself.

“Like the semiconductor market that made a roaring come-back
this quarter, the year-to-year growth can be attributed to the fact
that the first quarter of 2009 was marked by a deep recession in
which consumer spending screeched to a halt, and now the economy is
in recovery.

“While hot sellers in developer economies such as the U.S.,
smartphones are still a minority platform in the global picture and
only accounted for 18.8 percent of all mobile phones shipped in the
quarter. Still, IDC sees “tremendous potential of the market” for
further growth.”

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