Finnish mobile manufacturer, Nokia has reported drop in market share according to Gartner, technology Research Company. According to Gartner, “Its market share declined 5.5 percentage points year-on-year, and its share has reached its lowest since 1997.”
Gartner released its report in Helsinki earlier today. The leader in mobile phone market, Nokia is currently going through their worst ever sales period in 14 years. Their sales, compared to last year have gone down by 30.6% this year.
Nokia mobiles are losing battle to the new generation Smartphone’s which are much faster and cheaper than Nokia Smartphone's. When Nokia released their official figures last April, they said that their market share had dipped from 33% to 29% in the 1st quarter this year.
In 2008, Nokia had a 40% market share in the mobile phones industry. But the launch of Smartphone’s and new operating system for mobiles has left Symbian powered Nokia phones much behind.
In the 1st quarter this year, Smartphone’s sales were up by 85% and they accounted for a total of 23% of global mobile phones. Still Nokia is far ahead from their nearest competitor Samsung which has a market share of 16%. LG has 5.6%, Apple has 3.9% and RIM BlackBerry has 3%.