FRAMINGHAM (09/25/2003) - Within four years, smart phones will be commonplace and camera phones ubiquitous, according to a new report from In-Stat/MDR called "Market for Smartphones and Camera Phones Heats Up." In the first quarter of 2003, 1.7 million smart phones and 7.8 million camera phones were sold, and In-Stat predicts a compound annual growth rate of 94.5 percent and 53.2 percent, respectively, through 2007. But high prices, technical glitches, bulkiness and inadequate network capacity plague smart phones, and camera phones need better image sensors, more onboard memory, longer battery life and network improvements, the report says.
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