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Nokia's market share slides further

Posted on: Tuesday, 9 December 2003, 06:00 CST

MORE EVIDENCE that Nokia's dominance of the mobile phone business is under attack emerged yesterday when new research showed its global market share is shrinking.

Analysts at Gartner, the market research group, produced figures that showed Nokia's global market share fell in the third quarter to 34.2 per cent from 35.5 per cent last year.

The mobile phone giant is being hit by surging demand for Siemens- made mobile phones, and handsets being supplied in growing numbers by Far Eastern manufacturers such as Samsung and LG of Korea.

The mobile phone market has seen massive growth this year and although the number of Nokia phones sold has increased, this has not stopped its market share being eroded. Siemens and LG were the biggest winners with Siemens moving from a 7.4 per cent market share in the third quarter of last year to 9.1 per cent over the same period this year. LG grew from 3.7 per cent to a 5.3 per cent share. Samsung grew from 10.5 per cent to 11.2 per cent of the market while Motorola joined Nokia as one of the top losers, shrinking from 15.8 to 14.7 per cent.

Ben Wood, Gartner's principal analyst in Europe, said: "The mobile market is exhibiting strong growth ... It could reach half a billion units this year."

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