Smartphone Market Riding Out Financial Storm

Despite all the challenges facing the mobile phone market, Samsung is predicting a healthy future for high-end smartphones.

The department of the Korean giant which make the LCD screens used by the majority of manufacturers has estimated it will produce 500 million units between now and 2012, with orders for 170 million phones just for 2009.

If the market grows as Samsung predicts, then smartphones will represent 29% of all mobiles within three years, a stastic which is likely to turn heads at Apple, Palm and RIM.