Samsung takes more smartphone market share from Apple
(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)
- Tweet this
- Share this
- Digg this
- UPDATE 3-Turkish president rejects Facebook, YouTube ban over wiretaps
- UPDATE 1-"Everything is fine", Pistorius told guard after shooting girlfriend
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- UPDATE 3-MasterCard, Visa form group to push for better card security
- CEO in apparent suicide was bitcoin fan, had other issues, too
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed or recurring deposits. But the arrest of the company's chief Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors who worry they will not get their money back. Full Article