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Samsung and LG shine in Q3 Market Share

Samsung and LG shine in Q3 Market Share

Research firms Strategy Analytics and IDC have released their third-quarter numbers for the global handset market.  The two big names making waves were Samsung who saw a 15.9% year on year growth and an astonishing 34% increase for LG.  Nokia experienced continued pressure during 3Q09 in its Devices and Services group. The company reported a 20% decrease in revenue, ASP decline, and a shortage of components across its product portfolio.  Samsung reached a new record by shipping more than 60 million units in a single quarter. This puts the company well within reach of achieving its goal of shipping 200 million units in 2009.  LG Electronics breached the 30 million unit mark for the first time in its history. Nearly half of those units sold for less than $100, making them handsome purchases for carriers.  Sony Ericsson marked Hideki Komiyama’s final quarter as president of the company. During his tenure, Sony Ericsson realized improved operational efficiencies and cost reduction to increase profitability.  Motorola slipped to fifth place, but in the process the company reported progress in its restructuring campaign. In addition to reducing its operating losses for the second consecutive quarter, Motorola announced its much anticipated Android-powered converged mobile device, the CLIQ/DEXT, as well as its new DROID.

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by Nick Marshall posted on Oct 31, 2009

Categories: Press Release

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