Global smartphone shipments will approach 1.2 billion units this...

Global smartphone shipments will approach 1.2 billion units this year, up 19 percent from 2013, Juniper Research said Tuesday (http://bit.ly/1wnNdGq). Growth in emerging markets on the “continued surge” in sales of “economy” and “ultra-economy” smartphones priced under $75 will drive much of the increase, it said. “While Apple and Samsung continue to dominate the ultra-premium end of the market, these vendors are facing significant pressure from local players in the emerging markets,” it said. “These new players are beginning to build market share and achieve larger economies of scale, which eventually will enable them to expand their offering and challenge other smartphone sectors in the future.” Still, Apple and Samsung will have nearly 45 percent of the smartphones shipped globally this year, it said.