Though still fourth among the top five mobile-phone players, Apple outshone its global rivals in the second quarter with skyrocketing shipment growth and a surge in market share, according to a new IDC report.
Released yesterday, IDC's report found that Apple shipped 20.3 million iPhones in the quarter, a leap of 142 percent from the 8.4 million shipped in the prior year's quarter. Among the top five vendors, Apple also saw the biggest jump in market share, capturing 5.6 percent of global mobile-phone shipments, compared with 2.6 percent a year ago.
Apple's growth rate rose despite the age of its iPhone 4, now more than a year old. The company is expected to release an update to its flagship phone sometime this fall, with many sources pointing to a September launch date. Despite its global success, some of Apple's future smartphone growth will depend on its ability to generate more business in developing markets, IDC noted.
Industry leader Nokia held onto its No. 1 slot, but its market share continued to plummet, sinking to 24.2 percent in the second quarter from 33.8 percent a year ago. Excess inventory in regions like China and Europe apparently triggered a drop in shipments. Stung by the iPhone and Android phones, Nokia recently reported a huge loss for the second quarter.
Over the long haul, Nokia's ability to bounce back will depend on its recent partnership with Microsoft and its ability to successfully move from Symbian to Windows Phone as its core mobile OS. The company's first smartphones running Windows Phone 7 are expected to reach consumers later this year.… Read more