BlackBerry to suffer 'rapid decline' as smartphone industry tops 1 billion sales in 2014
China the driver, says Credit Suisse
Growth in China and a rush of cheaper handsets will see global smartphone sales reach the 1.05 billion by 2014 according to brokerage Credit Suisse.
The financial services company has backtracked from statements it made in January 2012 suggesting the smartphone market wouldn't reach this figure until 2015, claiming sales will rise 46 percent growth in 2012 to 687.9 million units.
That's a considerable jump from the 2 percent rise it predicted earlier this year.
Nokia to recover
As stated, Credit Suisse believes the trigger will be continued growth in the Chinese market, thanks in part to the releases of low-end handsets targeted at more budget conscious consumers.
In all, the firm states China will account for 22 percent of global sales by 2015.
In regards to manufacturers, the firm believes major winners over the next few years will be usual suspects Apple and Samsung, as well as Chinese manufacturer Huawei.
RIM in decline
Crucically, Credit Suisse also thinks Nokia will make a vital recovery following recent losses and regain 11 percent of the market share.
But it's not good news for everyone.
Credit Suisse believe Motorola, HTC, and Sony could struggle as the competition ramps up, with Blackberry manufacturer RIM in particular predicted to suffer a "rapid decline".
Meanwhile, wireless chipmaker Qualcomm is expected to see its business grow by 17 percent this year and raise its price target on stock to $80 from $70.
06 December 2013 | feature
5 graphic novels we'd love to see Telltale turn into adventure games
06 December 2013 | News
If you're too much of a hipster to use money, you can now grab an Ouya with Bitcoins
29 November 2013 | News
148Apps round-up: Zombie Volcano, Luxuria Superbia, Tank Nation, and more
26 November 2013 | News
Steel Media is looking for a Community Manager
22 November 2013 | News
148Apps round-up: Air Supply Infinite, Geomatrix, Tug of Words, and more
Trip Hawkins, Facebook, Disney and Mind Candy headline next Mobile Mixer in San FranciscoLATEST FEATURES
Don't chase a hit. Build a community, says Kiwi Inc's Omar SiddiquiLATEST COMMENTS
Don't chase a hit. Build a community, says Kiwi Inc's Omar Siddiqui 2