NOK) retained its market share lead, followed by Samsung and LG Electronics, according to data released by IDC last week.
The worldwide phone market grew 14.6% this quarter, driven largely by the growing popularity of smartphones. Not surprisingly, Apple and BlackBerry-maker Research in Motion ( RIMM) posted the highest growth rates among the top five vendors this quarter. "As smartphones vendors move, so does the market," IDC senior analyst Kevin Restivo told TheStreet. "Those smartphone makers that are generating unit growth are really pushing the market forward." As Apple and RIM have developed distinct products, handset competitors -- and particularly those with Android-based operating systems -- must come up with new ways to differentiate their smartphones if they want to become market leaders going forward, said Restivo. Sony ( SNE) Ericsson, despite growing its market share in Japan at the expense of Apple, missed the top 5 list for the first time since IDC started tracking mobile phone shipments. Read on for snapshots of the world's top mobile phone vendors.
No. 5: Research In Motion
No. 4: Apple
No. 3: LG ElectronicsMarket share: 8.3% Hot Geographies: Latin America, Canada, Asia Pacific LG Electronics' market share of mobile phones declined 2% over last year; the company captured 8.3% of the pie. The company's net profit dropped over 99.2% due to lagging sales in its handset division, which posted its worst ever quarterly loss in history.
No. 2: SamsungMarket share: 21% Hot Geographies: Western Europe, U.S., Canada Samsung's market share of the mobile phone world has stayed relatively flat in the last year, hovering at about 21%.
No. 1: Nokia