Samsung Galaxy S3, iPhone 5 lead smartphone sales

Source: IDC

Market research firm IDC has released their quarterly report of the mobile phone market.

Credit: Samsung

179.7 million units were shipped in Q3 of 2012, an increase as compared to the 123.7 million units from the same quarter last year.

Samsung leads sales thanks to its Galaxy range, after shipping 56.3 million smartphones in the last quarter, followed by Apple which has shipped 26.9 million iPhones.

Credit: Apple

RIM came third in the top as it shipped 7.7 million BlackBerry smartphones, earning 4.3% market share.

The report revealed that Nokia has fallen out of the top five after selling just 2.9 million Lumia smartphones in Q3, with a total of 6.3 million smartphones.

Nokia’s drop “was precipitated by the rise of Samsung (KRX: 005930) and Apple (Nasdaq: AAPL) globally and high-growth vendors like Huawei in China, where Nokia was the dominant player as recently as the third quarter of 2011.”

Kevin Restivo of IDC said: “Nokia’s share losses have meant gains for competitors. The company’s transition away from Symbian-powered smartphones to ones shipped with Windows Phone has left ample opportunity for rivals to steal share away from Nokia over the past 18 months. However, the smartphone market is still relatively nascent, which means there’s room for multiple vendors and operating systems to flourish, including Nokia.”