Smartphone Shipments Going Strong Despite Economic Crisis

In spite of deepening economic crisis, the Smartphones have come out as the biggest chance for portable device manufacturers, whereas global demand for mobile phones has slowed down, said “Global Portable Electronics Market”, a new market researcher.

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The global shipments of smartphones are planned to soar at a compound annual growth rate of over 30% between 2008 and 2011. The demand for smartphones is anticipated to rise at the fastest pace in the Asia Pacific region whereas North America will continue to be the top leader.

Although the overall cell phone market is anticipated to witness slackening demand, smartphone segment will certainly grow as consumers become more aware about the benefits of having smartphones, like accessing Internet and running different applications.

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