Nokia No Longer In Top Five

Image representing Nokia as depicted in CrunchBase

 The worldwide mobile phone market grew 2.4% year over year in the third quarter of 2012 (3Q12), driven by heavyweights Samsung and Apple as Nokia dropped off the Top 5 list of smartphone vendors. According to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, vendors shipped a total of 444.5 million mobile phones in 3Q12 compared to 434.1 million units in the third quarter of 2011.
Samsung sold twice as many smartphones as Apple in Q3, Nokia falls out of top five smartphone makers
Samsung Vs Apple
                  Samsung sold 56.3 million smartphones in the third quarter of 2012, more than any other company and twice as many as its nearest competitor Apple, according to latest research by IDC. The two companies combined sold nearly a half of the total 179.7 million smartphones in the quarter.

As Samsung grew sales, though, the smartphone top 5 changed a lot and for the first time in years Nokia is not in it. The Finnish manufacturer, known for basically creating the smartphone, sold only 6.3 million smartphones.That is less than RIM, less than ZTE and less than HTC.

The dynamics of the smartphone industry change the top 5 manufacturers very rapidly, and we could well see RIM become the next company to drop out of the top 5 next quarter.

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1 comment for "Nokia No Longer In Top Five"

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