The mobile phone industry saw its shipments reach 308 million in the second quarter, with Nokia and Samsung still holding the largest chunk of the highly competitive market, according to a report released Thursday by Strategy Analytics.
The 308 million units shipped across the globe represented a 13 percent gain from the 273 million shipped in the same quarter one year earlier, largely driven by low-end 2G handsets in emerging markets and high-end 3G touch screen phones in more mature regions, the report said.
Among the top five major mobile phone players, Nokia remained in first place with a 36.1 percent slice of the market, down from its 37.8 percent share in the year-ago quarter. Samsung came in second with a 20.7 percent stake, up from 19.1 a year ago, while LG's share dipped slightly to 10 percent.
Only Samsung and Research In Motion, which logged a 3.6 percent chunk of the market, saw their shares rise year over year, thanks to strong demand for QWERTY keyboard phones and touchphones, according to Strategy Analytics.
Looking at the specific vendors, Nokia continued to shed market share as it shipped a lower-than-expected 111.1 million handsets in the quarter. Sporting the enhanced Symbian 3 interface, the N8 smartphone should reach customers in time for the European holiday season, helping profit margins over the second half, said the report. But the phone's lack of buzz in the U.S. could dampen its overall global prospects.… Read more