Ericsson Mobility Report: 90 percent will have a mobile phone by 2020

The latest edition of the Ericsson Mobility Report shows that 90 percent of the world’s population over six years old is predicted to have a mobile phone by 2020. Furthermore, by 2020 smartphone subscriptions are forecast to top 6.1 billion.

Smartphone growth continues as 65-70 percent of all phones sold in the third quarter of 2014 were smartphones, compared with 55 percent in the same quarter for 2013. Despite this increased rate of sales, which will see the addition of an estimated 800 million new smartphone subscriptions by the end of 2014, the report finds there is still plenty of room for growth in the sector. Smartphones currently account for just 37 percent of all mobile phone subscriptions.

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