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Smartphone market growth expected at 38% in Q2 2012 4G LTE and Apple main catalysts

By Aldo Panessidi

Market research firm Strategy Analytics forecasts that worldwide smartphone shipments will have grown by 38% from one year ago. They also caution that the rate of growth might not be sustainable in the short term due to global economic troubles.

Smartphone market growth expected at 38% in Q2 2012 4G LTE and Apple main catalysts

The Strategy Analytics report did state that it expects smartphone shipments to bounce back later in the year. Both the Apple iPhone 5 and iPad 3 along couple with devices having 4G LTE connectivity should fuel new growth. Strategy Analytics called LTE “the industry’s most important segment” and predict that 4G LTE smartphone shipments will rise tenfold in 2012.

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