Is Samsung’s Growing Clout Scaring Apple?
Samsung (SSNLF.PK) and Apple (NASDAQ:AAPL) continue to dominate a growing global smartphone market, although the iPhone maker is losing some ground to its Korean rival. According to research firm IDC, Samsung’s market share in the quarter ending in December rose to 29 percent from 22.5 percent a year earlier, while Apple’s share dropped slightly to 21.8 percent from 23 percent.
Samsung shipped 63.7 million devices to Apple’s 47.8 million and saw a 76 percent year-over-year growth to the iPhone maker’s 29 percent. The Korean company is going strong on the back of its ultra popular Galaxy line of based smartphones and mid-range devices.
“Samsung set a new record for the number of smartphones shipped in a single quarter and in a single year,” the report said. “Its broad and deep line-up of [Google (NASDAQ:GOOG)] Android smartphones, particularly the Galaxy-branded Android family, combined with sustained demand for its mid-range and entry-level models to account for the remarkable shipment volumes.”
Apple continues to make a push into China, but is being held back by its recent supply constraints. “Apple’s record iPhone shipments in the quarter were driven by successes in Greater China, where shipments more than doubled, as well as the U.S., where 6.2 million iPhones were activated on Verizon (NYSE:VZ) alone,” the report said. “Interestingly, the company’s success was due in large part to older models, in particular the iPhone 4.”