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Posted at 11:39 AM ET, 07/27/2011

Study: Global smartphone sales will top 420M this year

A study from IMS Research found that Apple and Samsung will benefit most from the rise in smartphone adoption. (Richard Drew - AP)
A study from IMS Research predicts that smartphone sales will top 420 million by the end of 2011. According to the report, smartphones will account for 28 percent of all cellphone sales.

Not impressed? How about this finding: The group predicts that annual sales will top one billion and account for 50 percent of cellphone sales by the end of 2016.

The report also broke down the current market’s winners and losers. Figures show that Apple and Samsung are gaining market share at the expense of Nokia, which is tumbling fast.

Sales of Nokia phones were down 34 percent in the second quarter compared with the previous year, though they still lead the worldwide market. Apple reported record iPhone sales, upping its market share three percent even though it hadn’t released its usual summer refresh of its handset.

Samsung and HTC have also seen impressive growth over the past year with their smartphone offerings, building considerable momentum.

What’s you’re smartphone maker of choice? Let us know in the comments.

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By  |  11:39 AM ET, 07/27/2011

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