According to data released by ABI Research, global mobile phone sales were strong in the third quarter, despite reports of component shortages.
ABI Research specifically pointed out that high-end smartphone manufacturers - Apple, RIM, HTC and Motorola - were virtually unaffected by the component shortage.
The company said that 346 million units were sold in the third quarter of 2010, a 20 per cent increase from the same period last year.
Jake Saunders, the vice president of forecasting at ABI Research, said in a statement to Information Week: “This is a remarkable feat, irrespective of the rebound effect following the deferred handset purchases during the economic recession. Layer on 'smartphone-envy' and you have a recipe for high handset volumes.”
Nokia has been most severely hit by the component shortages, having suffered difficulties in procuring AMOLED and semiconductor components for low cost mobile phones.
The Finnish company, which is the current market leader thanks to its low-cost handsets, may also experience further component shortages in the fourth quarter as well, the research firm said.