Robust BlackBerry Z3 sales in emerging markets, including Nigeria and South Africa, may bring early return to profitability

BlackBerry Z3

Late last month, International Data Corporation (IDC) forecast that the growth of smartphone sales in mature markets in 2014 would slow to a low single digit of 4.9% with emerging markets continuing to soar at 32.4%.

The exponential growth rate in emerging markets is now 6.5 times of that in developed countries. The total number of handset shipments will hit 920.8 million units accounting for 73.5% of all volume shipped worldwide for the whole year.

IDC predicts that the "emerging market smartphone volume is 1.4 billion units by 2018, growing to 79.5% of worldwide volume".

Read more: BlackBerry: Robust Z3 Sales In Emerging Markets May Bring Early Return To Profitability – BlackBerry Ltd. (NASDAQ:BBRY) | Seeking Alpha.