Spotlight: BRIC smartphone market to grow 72 percent annually

Tools

The smartphone market in the emerging countries of Brazil, Russia, India and China, the so-called BRIC countries, is predicted by TechNavio to increase at a 72 percent compound annual growth rate through 2015. One factor contributing to this growth is the decline in smartphone prices in those markets and the increase in contactless payment schemes. At the same time, the influx of low cost feature phones could challenge the smartphone market in the coming years. Read more