Korean consumer electronics giant Samsung has been declared the world's largest smartphone maker, according to new market research.
Market research firm IDC revealed in a report that during the three months ending September, the company's smartphone business increased by 42.6 percent, with Samsung shipping a total of 118.1 million units.
IDC said that Samsung led the smartphone market by shipping 23.6 million units, garnering a 20 percent market share. Samsung was followed by iPhone marker Apple which shipped 17.1 million units which led to 14.5 percent market share. Finnish mobile phone marker Nokia shipped 16.8 million units with a market share of 14.2 percent.
"Samsung's ascendancy to the leadership position is the direct result of its broad and deep product portfolio," said Ramon Llamas, senior research analyst with IDC's Mobile Phone Technology and Trends team.
"Ever since the first Galaxy device launched last year, the company has aggressively expanded and refreshed its selection to include the latest innovations and most popular features", he added.
Canadian smartphone market Research in Motion, which produces the BlackBerry device, was pushed to the fifth spot by Taiwan based HTC.