Samsung takes more smartphone market share from Apple

Fri Apr 26, 2013 11:48am IST

Visitors take a group photo next to a logo of Samsung Electronics Co Ltd's latest flagship smartphone S4 during its launch event at the company's headquarters in Seoul April 25, 2013. REUTERS/Kim Hong-Ji

Visitors take a group photo next to a logo of Samsung Electronics Co Ltd's latest flagship smartphone S4 during its launch event at the company's headquarters in Seoul April 25, 2013.

Credit: Reuters/Kim Hong-Ji

Stocks

   

(Reuters) - Samsung Electronics Co Ltd (005930.KS) grabbed more smartphone market share from archrival Apple Inc (AAPL.O) in the latest quarter, with sales of its phones jumping to account for one third of the global market.

Sales of the iPhone 5 helped Apple's volumes grow 6.6 percent to 37.4 million phones in the quarter from a year earlier, but that was not enough to stop its share of the market dropping to 17.3 percent from 23 percent, research firm IDC said.

A flood of cheaper Android-powered devices from the South Korean maker lifted its shipments about 60 percent to 70.7 million, giving it a 32.7 percent of the market, up from 28.8 percent a year earlier.

During the first quarter Samsung shipped more smartphones than the next four vendors combined, IDC said.

The research firm said it was eager to see how new phones from Samsung using its Tizen operating system will look and fit into the company's product line-up.

Of the top five vendors, only Apple lost market share, with LG Electronics Inc (066570.KS), Huawei 002502.SZ and ZTE Corp 000063.SZ making incremental gains.

(Reporting by Sakthi Prasad in Bangalore; Editing by Edwina Gibbs)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Kashmir Package

Kashmir Package

Modi announces relief package for flood-hit Kashmir.  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage