The Morning Dump – May 18th

What did Google reveal at its annual I/O conference? The Morning Dump – BI

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China Will Overtake US as Largest Smartphone Market

IDC is predicting China will overtake the US as the largest smartphone market later this year. China is expected to end the year with a 25.5% share of the smartphone market while the US will have 17.8%. India is the leading growth market with a 57% annual increase. Smartphone only have 2.2% of the Indian market, but will grow to 8.5% by the end of 2016 – IDC

Country 2011
Market Share
2012
Market Share
2016
Market Share
2011 – 2016
CAGR
PRC 18.3% 26.5% 23.0% 26.2%
USA 21.3% 17.8% 14.5% 11.6%
India 2.2% 2.5% 8.5% 57.5%
Brazil 1.8% 2.3% 4.4% 44.0%
United Kingdom 5.3% 4.5% 3.6% 11.5%
Rest of World 51.1% 46.4% 46.0% 18.1%
Total 100.0% 100.0% 100.0% 20.5%

Source: IDC Worldwide Mobile Phone Tracker, 2012 Q2 Forecast Release, August 30 2012