Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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


News SummaryMost relevantAll newsSector news 

Samsung Is Top Mobile Handset Vendor, Ousting Nokia

05/16/2012 | 05:45am US/Eastern

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

   By Sven Grundberg and Gustav Sandstrom 

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
React to this article
Latest news on APPLE INC.
05:16p APPLE : Twitter CEO Dorsey: Tech's latest would-be comeback kid
04:49pDJEuropean Court Chief Defends Decision to Strike Down Data-Transfer Agreement
04:03p U.S. judge says Apple e-books antitrust monitor's term to end
12:37p APPLE : Updates iMac Family with Stunning New Retina Displays; New Wireless Acce..
10:31aDJSTEVE JOBS : Correction to Blog Post on Ed Catmull About Steve Jobs
09:29a CROMA SECURITY SOLUTIONS : Makeshift Apple stores to launch in India
09:03a APPLE : adds Retina displays to its iMacs
09:03a APPLE : adds Retina displays to iMacs, redesigns Magic devices
08:58a CHARLES SCHWAB : Credit Suisse cuts forecast for global household wealth growth
08:33a APPLE : Updates iMac Family with Stunning New Retina Displays
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Income Statement Evolution
More Financials