Samsung, LG lead global mobile market

Samsung, LG lead global mobile market

SEOUL - The world's mobile market in the July to September period was led by two Korean electronics firms - Samsung and LG - according to a report.

Samsung shipped 120 million units, the largest number of mobile phones in the third quarter, which accounts for 28.7 per cent of the entire market, according to a report released by leading market research institute Strategy Analytics.

The sales number is two times larger than that of mobile firm Nokia, which sold 65 million units, and four times larger than that of California-based Apple, which sold 34 million units during the third period.

The world's top mobile manufacturer also topped the list of smartphone sales by shipping a record 88.4 million smartphones, up from 76 million in the previous quarter, and secured the largest market share of 35.2 per cent in the smartphone market.

Meanwhile, its local rival LG Electronics marked the biggest growth rate in the smartphone market during the third quarter, by shipping 12 million units, up 71.4 per cent from the same period last year.

The growth rate is reportedly higher than the annual growth rate of Chinese competitors Lenovo and Huawei, standing at 68.8 per cent and 67.1 per cent, respectively.

LG bested other competitors in the handset market in terms of growth rate, by selling 183 million units in the third quarter this year, up 27.1 per cent year-on-year.

Apple, Huawei, and Samsung grew 25.7 per cent, 20.7 per cent, and 16.6 per cent, respectively during the same period.

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