2 Billion People Own Smartphones

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

In what has to be good news for large smartphone manufacturers like Samsung, smartphone ownership rose to 2 billion last year. Now, industry leaders need to worry about how quickly people replace those devices and how fast the overall market will grow.

According to Strategic Analytics, one in every three people in the world owns a smartphone. The research firm added:

Linda Sui, Director at Strategy Analytics, said, “Global smartphone users grew 37 percent from 1.5 billion in 2013 to reach 2.1 billion users in 2014. This is the first time worldwide smartphone users have surpassed the two-billion level. We forecast global smartphone users to increase a further 22 percent to 2.5 billion in 2015. An impressive 35 percent of the world’s 7.2 billion population will own a smartphone by the end of 2015, up from 29 percent in 2014.”

The growth rate has slowed, but not enough to undermine the manufacturers.

As next year unfolds, perennial leaders Apple Inc. (NASDAQ: AAPL) and Samsung will have to contend with several rapidly growing rivals. The launch of the iPhone 6 and new models of the Galaxy may not be sufficient weapons. Experts expect the iPhone 6 may replace as many old iPhones as it adds to Apple’s part of market. The same could hold true for the iPhone 7.

China, in particular, has two contenders for Apple’s and Samsung’s dominance in the world’s largest wireless market. Apple has told investors that the most important country for additional iPhone sales is China. Xiaomi and PC company Lenovo have taken much of the business in the People’s Republic. Each has aspirations to make inroads across the rest of the world. Xiaomi also has started to move into India.

The one clear winner in the smartphone race is Google Inc.’s (NASDAQ: GOOGL) Android OS. It dominates the market, and Apple’s iOS trails well behind. In a competitive sector, no matter how quickly it grows or which manufacturers hold the larger portion, Android will not be caught.

ALSO READ: Smartwatch Company Raises $8 Million on Kickstarter, Challenges Apple

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618