One of the world’s largest chipset manufacturer, Qualcomm, had announced during their annual investor meeting that they predicted 5 billion smartphones to be sold between 2012 to 2016. With only slightly more than 1 billion smartphones present in the world today, there is no doubt people may find this prediction rather ridiculous. Apart from that, Qualcomm also expects about 650 million tablets to be sold in the next 3 years.
Although many people, including myself, had found Qualcomm’s prediction to be over ambitious, but it actually makes sense if you really thought about it. Since 2009, the smartphone industry has been flourishing and the number of smartphone being sold have also been increasing exponentially. With the price of smartphone getting cheaper over the years, there is every reasons to trust Qualcomm’s prediction.