Chinese vendors outpace market as 2Q14 smartphone shipments grow 23.1% on year, says IDC

The worldwide smartphone market grew 23.1% on year in the second quarter of 2014, establishing a new single quarter record of 295.3 million shipments, according to IDC Worldwide Quarterly Mobile Phone Tracker. Following a very strong first quarter, the market grew 2.6% sequentially, fueled by ongoing demand for mobile computing and an abundance of low-cost smartphones. Second-quarter shipments were in line with IDC's forecast and all expectations are that the market will continue apace in the second half of the year and surpassing 300 million units for the first time ever in a single quarter in the third quarter of 2014.

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via Yuichun