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South Korean smartphone market to slow in 2013

Monday 1 April 2013 | 10:46 CET | News
Growth in the South Korean market for smartphones will start slowing this year and could turn negative by 2016 due to market saturation, reports the Yonhap News Agency from a report by Strategy Analytics. The local market for smartphones is expected to grow 8 percent to around 33.1 million units this year. The growth rate will mark a significant slowdown from an explosive 717 percent surge in 2010 and 75 percent growth in 2012. The report said the country's smartphone market will reach a peak of some 33.8 million units in 2015 and begin to post a negative growth rate of about 1 percent the

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Categories: Mobile & Wireless
Countries: Korea, Republic of
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