Mobile Phone Market Soars: Here Is What Rose Highest
Mobile phone sales are soaring with Samsung Electronics (SSNLF.PK) flying higher than all the rest. According to Strategy Analytics, the company grew 17 percent this year and hit a new record with 120.1 million mobile phones shipped. In the third quarter the phone company had a second record with 29 percent marketshare. With more phones shipped than Nokia (NYSE:NOK), Apple (NASDAQ:AAPL), and LG (LGEAF:PK) combined, the company is on cloud nine.
Overall, the mobile phone shipments across the board grew 7 percent annually to 417.8 million this year from the 390.4 million units in the third quarter of 2012. This puts the mobile phone market at its top level since 2011 — and shows good news in most phone companies. For example, Apple iPhone shipments have increased to 33.8 million in this years third quarter from last year’s 26.9 million.
According to Barron’s, Apple also holds second place in the market, with a decreased 13.4 percent share of the market from last years 15.6 percent, compared to Samsung’s 35 percent share, up from last years 32.9 percent share last year. Coming in behind these two giants was Huawei, a Chinese vendor, with sales increasing 5.1 million to hit 12.7 million units for a 5.1 percent share of the market.