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IDC Cuts FY13 Tablet Outlook; Cites Larger Smartphones, Wearables (AAPL) (GOOG) (MSFT)

August 29, 2013 11:13 AM EDT

Faced with growing competition from larger smartphones and the prospect of new categories such as wearable devices diverting consumer spending, International Data Corporation (IDC) Worldwide Quarterly Tablet Tracker modestly lowered its tablet forecast for 2013 and beyond. The company now expects worldwide tablet shipments to reach 227.4 million units in 2013, down from a previous forecast of 229.3 million but still 57.7% above 2012 shipments. Despite the slight reduction for this year, the market will continue to grow at a rapid pace and by 2017 IDC expects worldwide shipments to be nearly 407 million units. The company also adjusted its regional outlook, with maturing markets such as... More