Research from Strategy Analytics has forecast that worldwide annual cameraphone sales will exceed 1 billion units for the first time in 2011. Devices with sensors of eight megapixels and above are expected to be the fastest-growing segment, increasing 240% year-on-year.
Neil Shah, Analyst at Strategy Analytics, said “We forecast worldwide camera phone sales to grow 21% from 918 million units in 2010 to 1114 million units in 2011. This year will be the first time annual volumes of camera phones have exceeded the 1-billion mark. Some 4.2 billion camera phones have been sold cumulatively worldwide since 2000 and they are one of the most successful mobile products ever developed.”