Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC. (AAPL)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Samsung Is Top Mobile Handset Vendor, Ousting Nokia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 11:45am CET

(Adds detail, comment from Gartner analyst in paragraphs 5-6, 9, 11-12.)

 
   By Sven Grundberg and Gustav Sandstrom 
   Of  
 

Samsung Electronics Co. (005930.SE) snatched the title of world's largest mobile handset vendor from Nokia Corp. (NOK) in the first three months of the year, confirming Nokia's continued decline as it struggles to keep pace with fast moving competition.

Research firm Gartner, which counts sales of handsets to customers, rather than the numbers shipped by manufacturers, said Samsung sold 86.6 million mobile devices in the quarter and had a global market share of 20.7%, up from 16.1% the year before.

Nokia, which sold 83.2 million handsets, saw its global market share fall to 19.8% from 25.1% a year ago.

The report is yet another sign of how Nokia continues to be battered by bruising competition both at the expensive end of the market from Apple Inc.'s (>> Apple Inc.) iPhone, and from cheaper devices running Google Inc.'s (>> Google Inc) Android software.

Nokia has yet to make a mark with its new Lumia devices, Gartner's principal research analyst Anshul Gupta told Dow Jones Newswires Wednesday.

Lumia smartphones, the company's first line of handsets powered by Microsoft Corp.'s (MSFT) Windows Phone software, have sold in surprisingly low numbers in Western Europe, and they haven't been able to compensate for slumping sales of Nokia's older Symbian-powered handsets, he added.

Overall, 144 million smartphones were sold in the quarter, up 45% from the same period in 2011. Smartphones running Google Inc.'s (>> Google Inc) Android operating system accounted for 56.1% of all smartphone sales, up from 36.4%, while Apple's iOS platform is powering 22.9% of the smartphones sold, up from 16.9% a year earlier.

Nokia's outdated Symbian operating system accounted for 8.6% of smartphone sales in the quarter, falling from 27.7% a year ago.

Nokia's sales volumes should get a boost from new partnerships with Chinese carriers and launches of cheaper Lumia phones that can compete with low-end Android devices in emerging markets, but it may take until next year before it starts regaining smartphone market share, Gartner's Anshul Gupta said.

Total mobile device sales declined 2% year-on-year in the quarter to 419.1 million units.

The downturn, which comes after 10 straight quarters of growth, was due to economic weakness in mature markets and to slowing demand in Asia Pacific as consumers there waited for new smartphone launches, said Gupta.

Gartner, which had predicted handset volumes would grow to 1.9 billion in 2012 from 1.77 billion in 2011, might have to reduce that growth forecast by around 20 million units, Gupta said. Still, upcoming smartphone launches from Apple, Android and Windows manufacturers, and Chinese vendors could still boost market growth later this year, he added.

-By Sven Grundberg and Gustav Sandstrom, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com

Stocks mentioned in the article : Apple Inc., Google Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE INC.
09:01a APPLE : Key Facts About Apple Pay Revealed in a Digital Wallet Profile Published..
08:48aDJApple Sues Qualcomm Over Chips -- WSJ
02:17aDJAPPLE : Sues Qualcomm Over Licensing Practices -- 2nd Update
02:11a Apple files $1 billion lawsuit against chip supplier Qualcomm
12:39aDJAPPLE : Sues Qualcomm Over Licensing Practices -- Update
01/20 APPLE : depicts Qualcomm as a shady monopolist in $1B lawsuit
01/20DJAPPLE : Sues Qualcomm Over Licensing Practices
01/20 Global Touch Screen Modules Market 2017 - Alps Electric, Apple, Cambrios, Ana..
01/20 MICROSOFT : brings Office Lens to the iPad
01/20 APPLE : GarageBand and Logic Pro X Music Apps Get Major Updates; Powerful New Fe..
More news
Sector news : Computer Hardware - NEC
01/17DJLENOVO : Fumbles Motorola -- WSJ -2-
01/17DJLENOVO : Fumbles Motorola -- WSJ
01/16DJLENOVO : Thought It Knew How to Fix Tarnished -2-
01/16DJLENOVO : Thought It Knew How to Fix Tarnished Brands -- Then It Bought Motorola
01/16DJLENOVO : Thought It Knew How to Fix Tarnished -2-
More sector news : Computer Hardware - NEC
News from SeekingAlpha
02:28a Intel Optane = Optical + Octane
01/20 Qualcomm sued by Apple for withholding $1B in patent royalties
01/20 Macquarie Securities raises Apple target to $148
01/20 Samsung Is Not Out Of The Woods Yet
01/20 APPLE : An Unexpected Positive Appears
Advertisement
Financials ($)
Sales 2017 227 765 M
EBIT 2017 61 543 M
Net income 2017 46 949 M
Finance 2017 163 972 M
Yield 2017 1,97%
P/E ratio 2017 13,44
P/E ratio 2018 11,93
EV / Sales 2017 2,05x
EV / Sales 2018 1,83x
Capitalization 630 938 M
More Financials
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 49
Average target price 133 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.3.61%630 938
HEWLETT PACKARD ENTERP..-1.12%38 091
HP INC-0.74%25 121
SEAGATE TECHNOLOGY PLC-4.45%10 741
LENOVO GROUP LIMITED7.63%7 275
PEGATRON CORPORATION--.--%6 050
More Results