Research and Markets - LG and Samsung Launch New Smartphones at Mobile World Congress Show

22 Feb, 2016, 11:29 ET from Research and Markets

DUBLIN, February 22, 2016 /PRNewswire/ --

The global smartphone market is expected to grow at a CAGR of 8.1% by 2019, as predicted by a recent report available from Research and Markets. The report suggests that a demand for new technologies including cloud computing and virtualization are driving the global demand for smartphones. This suggestion was supported with the announcement of new smartphone models from Samsung Electronics Co Ltd and LG Electronics Inc. Both devices were revealed on Sunday at the Mobile World congress industry show in Barcelona, Spain.

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

LG's new G5 smartphone features a modular design that allows users to upgrade and replace the camera and other functions. The device is connectable to a number of LG accessories including a drone controller. The global accessories and peripherals market for smartphones and tables is estimated to grow at a CAGR of 6% by 2019, as stated in a recent report. This figure could be far higher if other manufacturers decide to explore this market with the same interest as LG.

Samsung launched two versions of their new Galaxy S smartphone, and brought Facebook CEO Mark Zuckerberg out to give a short talk on behalf of the company on the potentials of virtual reality. VR in the global gaming market is set to grow at a CAGR of 25.97% by 2019, as noted in a recent report. Zuckerberg's surprise appearance shows that Samsung are aware of this growing market, and suggest that the company are committed to integrating VR technology into current and future smartphone devices.

For further information on this topic, and a full list of all related documentation, please visit the Smartphones and Mobile Devices section at http://www.researchandmarkets.com/rm/LQPR.

Source: http://www.nytimes.com/reuters/2016/02/22/business/22reuters-telecoms-mobileworld-samsung-elec.html?src=busln&_r=0

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