By Sarfaraz A. Khan and Gohar Yousuf
Samsung (SSNLF) looks in a better position for long term growth than Apple (NASDAQ:AAPL) due to its dominating market share, a strategic shift towards software, its enormous project pipeline and diverse revenue base that goes well beyond mobile devices.
One of the leading IT research firms Gartner has released its estimates for the global mobile phone sales during the third quarter of 2013. According to the firm, about 456 million mobile phones were sold in the previous quarter, showing a year-over-year increase of 5.7%. Of these, a little more than 250 million were smartphones whose sales rose 45.8% from the same quarter in 2012. Once again, the South Korean consumer electronics behemoth Samsung (SSNLF) has retained the title of the world’s biggest smartphone, and the world’s biggest mobile, phone vendor (in terms of units sold).
In the previous quarter, Samsung was able to extend its lead over its biggest smartphone rival Apple (AAPL). The Korean firm was able to maintain its market share at 32.1%, but the increase in the size of the market translated into a 46% increase in the number of smartphones sold to 80.36 million units. On other hand, Apple’s market share has dropped by 2.2 percentage points to 12.1% as Apple could only manage a 23% year-over-year increase in sales. However, if Apple had released the new iPhones earlier, then the numbers … read full article at GuruFocus