Smartphone Growth Rate Slides In Q3 To Just 4 Percent

The growth in the smartphone market seems to have slowed down in the third quarter of 2009 as demand for advanced mobile handsets falls across Latin America, according to research firm Canalys.

However the smartphone market was doing substantially better than the overall mobile market which has seen sales volume drop by nearly 4 to 6 percent during July to September

While the continuing economic downturn can be a factor for the low demand for smartphones, many analysts believe that a large proportion of the mobile users haven’t yet been won over by the promise that smartphones offer.

While high end smartphones were primarily driving the growth in the segment in the last few quarters, there is a possibility that the segment may see a good growth rate in the near future based on the introduction of cheaper models.

Nokia still leads the pack amongst Smartphone manufacturers when it comes to market size by garnering a 40 percent share, Research in Motion and Apple follow it with a share of 21 percent and 18 percent respectively.

When it came to operating systems running on smartphones, Symbian came on top with 46 percent of market share while newcomer Google’s Android operating system has managed to garner a share of 3.5 percent.