Nokia’s Market Share Dips To 14 Year Low

Finnish mobile phone maker Nokia’s global market share has down to its lowest in 14 years, new market data reveals.

According to the numbers provided by research firm Gartner, the company’s global market share was at 25.1 percent in the first quarter of 2011. The market share is lowest since 1997.

Nokia continues to loose market share to competitors like Apple, HTC, Samsung and Google and is yet to make its mark in the Smartphone market.

Gartner said that Nokia sold 107.6 million in Q1 2011, down from 110.1 million it had sold in the same quarter last year. The fall in number of units sold caused its market share to slip by 5.5 percent from last year.

Apple on the other hand, doubled its iPhone sales from last year, selling 18.6 million units this quarter. The company now owns a 3.9 percent in the global market. HTC meanwhile, almost tripled its sale in the first quarter to 9.3 million units from 3.4 million last year.

Talking about the Smartphone market on the whole, Roberta Cozza, Gartner's principal research analyst said that “Smartphones accounted for 23.6 per cent of overall sales in the first quarter of 2011, an increase of 85 per cent year-on-year.”

Total mobile phone sales in the first quarter increased by 19 percent to 427.8 million units.