If we assume 14% unit growth annually from 2013 through 2017 (which could be higher some years and lower in other years) the industry will grow from less than 600 M units in 2012 to over 1 B unitsshippedby 2016 or 2017 as shown in Figure 2.
Nokia, by contrast, shipped 16.7 million units for a 15.2% share of the market during the second quarter, down from 23.8 million units for a 23.8% share of the market during the second quarter of 2010.
Revenue will be sustained by resilient iPhone 4 sell-through ahead of iPhone 4S, with something like 19.5 million unitsshipped in the fourth quarter, a 16% increase over the fourth quarter of 2010.