Smartphones saturate market

February 13, 2014

Smartphone sales accounted for more shipments than other cellphones in '13 for the 1st time, according to research firm Gartner. Global smartphone sales rose 42% to 968 mil units and accounted for 54% of all cellphone sales last year. Low-cost providers of smartphones grew at a faster clip than Samsung and Apple (AAPL). China-based Lenovo and Huawei saw their smartphone sales rise 102% and 72%, respectively, last year, says Gartner. Smartphone sales at S. Korea-based LG Electronics rose 80%. But Apple's smartphone shipments rose 16% and Samsung's 45%.