Q1 Handset Sales Jump 40%
By Carlo Longino, Thu Apr 29 14:45:00 GMT 2004
One market researcher says 153.1 million mobile phones were sold in the first quarter, an increase of 40% over 2003. They've also quantified Nokia's mis-step, saying it cost the company 5.7 points of market share.
It's no surprise that Nokia's struggling while other vendors are doing quite well, but these figures from Strategy Analytics are the first to break down the first quarter's market share.
Nokia stayed on top, its share down to 29.2 percent, followed by Motorola (16.5), Samsung (13.1), Siemens (8.4), Sony Ericsson (5.7), and LG (5.7). Nokia's share loss was spread around pretty equally, with the other top vendors gaining between .4 and 1.2 percent each since the first quarter of 2003.
But what's interesting is the unit sales numbers. Nokia lagged the overall market's growth, as their quarterly unit sales increased about 18 percent over the year, they still lost share. But for the other manufacturers to register their small share gains, they had to bump up their unit sales by at least 50 percent. While the other top manufacturers all seem to be on a roll, it's doubtful that Nokia's leadership of the market is in danger, at least not in the short term.