There are now more than one billion smartphones in circulation worldwide, according to figures released by the Wireless Smartphone Strategies service.

As of the third quarter of 2012, one in seven people own a smartphone, bringing the grand total to 1.038 billion worldwide. At this time last year, there were approximately 708 million smartphones in use, Strategy Analytics reports.

SEE ALSO: Are Smartphones Spreading Faster than Any Technology in Human History?

Although the total number seems remarkable, developing markets like China and India leave plenty of room for mobile growth. Strategy Analytics predicts that smartphone numbers will rea…
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