500 million sub-US$100 smartphones this year, says Deloitte

The number of sub-US$100 smartphones in circulation is forecast to hit 500 million by the end of 2012, according to new figures from Deloitte’s Technology, Media and Telecommunications (TMT) practice. The research estimates that the installed base of low-cost smartphones stood at about 200 million at the end of 2011, implying that volumes will more than double this year.