Smartphone makers should expect sales decline in South Korea
Analysts in South Korea — the home of phone giants, LG and Samsung — have said that the smartphone industry should expect a decline in sales in 2013.
A research agency called Strategy Analytics said that only 26.3 million smartphones will be sold in 2013 compared to 30.7 million sold last year — a whooping 14.3% decrease. The cause of this sales decrease was associated to market saturation and the analysts think that when sales reach a certain level of penetration, rapid sales growth would stop.
With that being said, we are no longer puzzled at how Samsung is pushing for a January 2014 release date due to low sales of their 2013 flagship Galaxy S4. The decline may also see smartphones’ prices slashed.
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