Posted February 04, 2020 16:13:25A new report by consultancy, mobile and IoT firm, Mobenix has found that Microsoft’s online mobile phone market is growing at an average annual rate of nearly 40%.

Microsoft is the world’s largest mobile phone vendor and now has over $6 billion in mobile revenue, up from $3.6 billion last year.

The report by Mobenx found that in the past year, Microsoft’s smartphone business has grown by an average of about 9%.

Microsoft’s share of the mobile market is now estimated to be more than 60%, up from about 28% in 2018.

In 2018, Microsoft sold more than 3.4 million Lumia smartphones, which together with Windows 10 devices made up about 20% of its total mobile phone sales.