DigiTimes: According to a new report from ABI Research, manufacturers shipped 55 million smartphones in the first quarter of this year. While that's about a million fewer units than the previous quarter, it's not as big a seasonal drop as industry watchers expected.
Analyst Michael Morgan noted, "Normally we would see a much greater decline in shipments in the first quarter; the fact that the drop was so relatively small highlights the continuing dynamic growth of the smartphone market."
The report says that the growing number of less expensive handsets is a big contributing factor to the strength of the market. For example, shipments Nokia's low-cost smartphones grew from 20.8 million units the previous quarter to 21.5 million units in the first quarter of 2010, despite seasonal impacts.