Is Samsung Biting the Big Apple?

Samsung stretched its lead over Nokia (NYSE:NOK) and Apple (NASDAQ:AAPL) in the global mobile phone market in the second quarter, pulling ahead as its two rivals faced contrasting reasons for slowed growth. According to a report from Gartner, Samsung sold 90.43 million mobile devices in the second quarter for a 21.6 percent share of the market. The Korean company moved up from a 20.7 percent share in the first quarter and up from 16.3 percent from the year-ago quarter.

Don’t Miss: Did Samsung BLOW IT By Rejecting Apple DEAL?

Second-placed Nokia took most of the brunt of Samsung’s growth as its market share fell to 19.9 percent from 22.8 percent a year ago. While Apple’s market share went up to 6.9 percent from 4.6 percent a year ago, the demand for its iPhone weakened compared with the previous quarter. Consumers have been waiting for the launch of the next-generation iPhone, expected to be announced in the next two months, and have been holding off purchasing existing models of the Apple smartphone. But while Nokia struggles to make a deep enough mark, Samsung has been seeing incredible success for its Galaxy line, especially the newest, Galaxy S3.

Total mobile sales dropped 2.3 percent year-over-year to 419 million units. Of those, 154 million were smartphones, according to Gartner.

The share of Google’s (NASDAQ:GOOG) Android operating system was also up, as it accounted for 64 percent of all smartphones in the quarter compared with 43 percent from a year ago. Apple’s iOS gained marginally, to be at 18.8 percent from 18.2 percent a year earlier. Microsoft’s (NASDAQ:MSFT) share of 2.7 percent for its Windows Phone platform was tiny, but almost double of its share from a year ago.

Don’t Miss: Is Apple SHARING With Microsoft?

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business