Strategy Analytics (News - Alert) has predicted that global 4G/4G/LTE (News - Alert) Smartphone shipments will grow heights with numbers reaching to 275 million units in 2013.
Companies that are dominating the smartphone shipments include Apple, Samsung, LG and Nokia. Other vendors such as HTC, Motorola (News - Alert), Blackberry, Huawei, ZTE and Pantech are also on the run to participate in the LTE push and this growth spurt of LTE Smartphone will be driven by demand in countries such as the U.S., the U.K., Japan, China, and South Korea.
"It is clear that 2013 will be the year of 4G. LTE smartphone shipments worldwide will exceed a quarter-billion units for the first time," Neil Mawston, executive director at Strategy Analytics, said in a statement.
Mawston pointed out that multiple operators and multiple phone vendors will be launching dozens of LTE models across numerous countries worldwide and also that LTE has quickly become a high-growth, high-value market that no operator, service developer, component maker, or device vendor can afford to ignore.
“The global 4G/LTE smartphone market will triple in size during 2013. The 4G/LTE smartphone market has become highly valuable and we believe it will eventually attract new entrants seeking a slice of the 4G pie, such as Amazon or Mozilla (News - Alert). However, we caution possible new entrants like Amazon will not find it easy to break into the competitive 4G/LTE smartphone market and they will need breakthrough products that are strongly differentiated in areas like design, price or services,” said Linda Sui, an analyst at Strategy Analytics.
According to Strategy Analytics officials, the growing popularity of LTE smartphones will sooner or later also help attract new vendors, including Amazon and Mozilla.
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Edited by Amanda Ciccatelli