Credit Suisse forecasts smartphone shipments will rise 46% in 2012 to 688M (in-line with UBS'...

|By:, SA News Editor

Credit Suisse forecasts smartphone shipments will rise 46% in 2012 to 688M (in-line with UBS' estimate), and reach 1.05B in 2014. Apple (AAPL) is seen accounting for 23% of this year's smartphone sales (a figure that translates into 158M iPhones), and troubled Nokia (NOK) a mere 11%. CS also expects smartphone demand to result in Qualcomm's (QCOM) licensing business, whose royalty revenue benefits from higher phone prices, growing 17% in 2012.