Worldwide smartphone revenue rose 2 percent sequentially in Q3 2014 to $88 billion, said Infonetics Research.
Apple is the smartphone market share leader in Q3 2014 owing to improving sales of the iPhone 6, followed by Samsung, Huawei, and LG.
Newcomers Xiaomi and Coolpad from China are taking away some share from the top smartphone players.
Smartphone segment was boosted by the launch of Apple’s iPhone 6 combined with the adoption of lower-cost, entry-level smartphones that enable new wireless users to become mobile broadband subscribers for the first time, particularly in developing economies.
Sales of LTE smartphones will begin to outpace W-CDMA/HSPA smartphones.
“While both categories will see strong growth in 2015, LTE-based smartphones will account for the clear majority of smartphone sales beginning in 2016,” said John Byrne, directing analyst for M2M and IoT at Infonetics.
Revenue of the tablet segment declined 1 percent, while shipments rose 1 percent in Q3 2014 from Q2 2014.
There are signs the 4th quarter will be very strong, in line with seasonal expectations for the pre-Christmas run-in.
Global mobile broadband modems unit shipments increased 3 percent sequentially in Q3 2014 to 37 million.