(Reuters) – Global smartphones annual sales will cross the billion-unit mark in 2014, helped by strong demand from China and the launch of cheaper low-end handsets, Credit Suisse said.

Sales across the globe will grow about 46 percent to 687.9 million units this year and will touch 1.05 billion units in 2014, the note said.

An employee poses with Samsung Electronics' Galaxy phones at a store in Seoul March 14, 2012. REUTERS-Kim Hong-Ji

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