According to a report by Pyramid Research, Smartphones will capture 37% of the worldwide cell phone market by 2014. This is an increase of 16%in 2009.
- China will capture the No. 1 position in 2010
- Brazil will have a CAGR of 43% over the next five years
- India will have a CAGR of 39% over the next five years
- Turkey will have a CAGR of 37% over the next five years
- Nigeria will have a CAGR of 34% over the next five years
- Latin America will be the fastest growing region at a compound annual growth rate of 48%
- Africa and the Middle East will have a 39% CAGR
Pyramid also forecasts sales of 1.8 billion smartphones over the next five years
