Smartphone Market Has Reached Saturation Point

Smartphone Market Has Reached Saturation Point: Smart phones worldwide will reach 1.5 billion units in 2017 more than 2 times the number of smartphones sold in 2012.

Market watchers said that although the smartphone market has grown strongly in the first long time many experts believe that the market has reached saturation point the fact that the demand for This product has never decreased.

IHS predicts by 2017 the number of smartphones worldwide is expected to reach 1.5 billion units. By the end of 2013 according to IHS, will have approximately 900 million smartphones were sold in the market.

As expected Apple will launch a series of new smartphones this year so IHS estimates Apple sold about 150 smartphones this year. 

However, experts at IHS said that the numbers are not really impressed by in 2012, Apple has sold 134 million iPhones.

According to statistics from IDC more than half of the U.S. population owns a smartphone. Besides, smartphone sales in Europe grew 12%. 

The analyst said that the market demand for this product line has no signs of cooling down the market even though the product was shifting users from smartphones to high end and mid range line cheap.

Therefore, users increasingly seen many smartphone products integrated useful features but offered at a price much cheaper than the previous generation of smartphones. 

Apple and other technology companies need to introduce many more products than just devices with larger screens and lower prices said Bill Why man senior managing director of investment research firm ISI Group said.