Monday, May 23, 2011

Nokia Sees Lowest Market Share In 14 Years

Things have never been so bleak for the world’s largest handset maker. Fresh off of rumors that Nokia would be selling off its handset division to Microsoft, new numbers from Gartner reveal that Nokia’s current market share is the lowest its been since 1997, nearly 14 years ago.
Over the course of the last few years, Nokia’s market share has dropped to 25 percent, pretty on par with its market share in 1997. Between Q1 2010 and Q1 2011, Nokia’s share fell 5.5 percentage points. What’s worse, no one else seems to be feeling the pain like Nokia.
While Nokia’s share was plummeting, worldwide mobile devices sales jumped 19 percent year-over-year. Google’s Android takes a 36 percent-size slice of the pie and Apple doubled the number of iPhones it sold last year.

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