Market analyst firm IMS Research found that smartphones account for nearly 28 per cent of the entire global handset market.
According to IMS, annual sales will surpass one billion devices by the end of 2016, equivalent to half of all mobile handsets sold.
"But, despite the higher margins for smart-phones, and the seemingly insatiable consumer appetite for converged devices, it is clear that not all OEMs are equally positioned to capitalize on this market trend," commented Josh Builta, analyst in IMS' Mobile Technologies Group.
"For instance, LG, despite being the third largest OEM in the world, has offered a fairly limited smart-phone portfolio in recent years, a factor that resulted in the company reaching less than a three per cent share of the total smart-phone market in 2010."
Earlier this week, PriceGrabber, which conducted the survey of 2,852 online consumers, claimed that more than one-third of US consumers intend to buy an iPhone 5.
Posted by Simon Jones
