More than one billion users of smartphone are there in the world

Smartphone useThere are more than one billion users of smartphone in the world for the first time ever in the third quarter of 2012 according to a new report by US research and consulting firm Strategy Analytics released on Wednesday.

The first smartphone, the Nokia Communicator, launched in 1996 but the demand for the smartphones boomed after the release of Apple’s iPhone in 2007. So, it clearly shows that it needs more than 16 years for the smartphone industry to reach this amazing level.

“The iPhone revolutionized smartphone design and it catalyzed industry growth,” Strategy Analytics Senior Analyst Scott Bicheno said in a statement.

“By the third quarter of 2011, we estimate there were 708 million smartphones in use worldwide. After a further year of soaring demand, the number of smartphones in use worldwide reached 1,038 billion units.”

With this level of acceleration, the company is expecting that the number of smartphone users would top two billion in less than three years.

“Smartphone penetration is still relatively low,” Strategy Analytics Executive Director Neil Mawston said.

“Most of the world does not yet own a smartphone and there remains huge scope for future growth, particularly in emerging markets such as China, India and Africa.”

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