More bad news for PC makers. Business Insider Intelligence released their latest forecast of global smartphone sales, and the numbers are staggering. Recently, smartphone sales surpassed PC sales for the first time, and this year smartphone sales will nearly double PC sales. More amazing, however, is that BI Intelligence predicts that by the year 2016, smartphones will exceed 1.5 billion units sold worldwide.
For comparison, last year there were only 350 million PCs sold, and the total number of mobile phone handsets sold (smart AND dumb) totaled 1.7 billion. Right now, smartphones make up only 10% of all handsets sold. As prices decline, nearly 5 billion existing dumb phones will be getting replaced by smartphones.
The following chart speaks for itself.