A report by IDC states the phone market worldwide is showing signs of slowing down. There was a 12.8% growth over-year, but it was the slowest growth noticed over the last two years. Sr. research analyst Kevin Restivo suggested that the slowdown came due to the uncertainty of economic situation and product launches in the late third and fourth quarter. Customers were waiting for products such as the iPhone 4S and the new BlackBerry phones. Smartphones of all mobile phones seem to be the most active category, unlike a few years back. Nokia continues to be at the top, in terms of market share this quarter. Nokia was followed by Samsung and then, LG.
LG suffering from poor growth rates this quarter
One of the companies to take the number four spot from Apple was ZTE. Apple did improve its growth rate by last year. ZTE saw the biggest increase in growth rate, followed by Samsung and then Apple. ZTE almost doubled their volumes over the last quarter, LG in comparison took a massive hit in growth rate, as few models were launched over the period. Some 393.7 million phones were sold in this quarter of 2011 as compared to 348.9 million units in third quarter of 2010. The numbers provided by IDC excluded OEM sales for all manufacturers.
Published Date: Oct 29, 2011 03:25 pm | Updated Date: Oct 29, 2011 03:25 pm