Smartphone Accessory Revenues Valued At $20 Billion In 2012

Smartphone Accessory Revenues Valued At $20 Billion In 2012
News
Like Us On Facebook
Like Us On Facebook

Smartphones are expected to earn the aftermarket accessory industry $20 billion in 2012, accounting for more than half of the $36 billion in total industry revenues, according to ABI Research.

A recent study showed that smartphone owners spend roughly $56 on accessories per device, nearly double the amount of feature phone owners.

By 2017, feature phone accessory revenues is estimated to decline to $12 billion, while smartphones accessories are estimated to increase to $38 billion.

“The increasing penetration of smartphones is driving a shift in accessory design toward smart accessories that drive higher levels of consumer interaction, product value, and brand recognition,” says ABI analyst Michael Morgan.

“For new market entrants, developing brand recognition is paramount in capturing market share from the incumbents.

This is best accomplished by the development of engaging, innovative accessories that extend the value proposition of today’s mass market accessories.”

BGR

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In News

Also On Elite

World

This Dog Has No Idea What To Do After Receiving 100 Balls For Its Birthday

Dogs love playing fetch with their favorite chewed up tennis ball or brightly colored plastic toy; it’s their favorite pastime. But sometimes, too much of a good thing can be bad. For this dog’s birthday, he gets 100 balls thrown at him, seemingly to give him the opportunity to play fetch 100 times — a […]