Smartphone sales are booming

Worldwide sales of smartphones will top 420 million this year according to market watcher IMS Research. The company said that smartphones will account for nearly 28 percent of the total global handset market this year and it expects unit sales will surpass one billion devices by the end of 2016. Figures are in line with those from IDC, which say that the worldwide mobile phone market grew 65.4 percent in 2Q – the third consecutive quarter where total shipments exceeded 100 million units.