The Smart Phone Market is Peaking

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The smart phone market is showing signs that it’s stagnating.
International Data Corp numbers indicate the market grew only by 0.2 per cent in the first quarter.
Phone shipments have crept up to an estimated 334.9 million devices from 334.3 million a year.
According to IDC, the market in the developed world is already saturated.
As a result, sales of its two largest suppliers Apple and Samsung are falling.
At the same time, IDC says  two formerly obscure Chinese smartphone makers, Oppo and Vivo, have more than doubled their sales and have brokeninto the top five rankings for the first the time.
Melissa Chau, senior research manager at IDC says phone buyers in developing countries are now becoming more sophisticated and are willing to pay more.

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