India tops China to drive smartphone volume growth

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Growth of smartphone shipments is estimated to slow from 27% in 2014 to 12% in 2015 and 9% in 2016. China was the volume growth engine since 2013. HSBC says shipments will grow at a compound annual growth rate of 26% in India in 2014-2019, followed by 19% in West Asia & Africa, 8% in Latin America & 5% in China.