Stamford, CT, United States (4E) – Market research firm Gartner released the Q3 numbers for smartphone sales and showed that sales have slowed compared to past quarters. During the same period last year, smartphone sales were up by 47 percent.
An estimated 428 million smartphone units were sold during the 2012 Q3 and it accounted for 40 percent of total mobile devices shipped.
“After two consecutive quarter of decline in mobile phone sales, demand has improved in both mature and emerging markets as sales increased sequentially,” Gartner principal research analyst Anshul Gupta said.
Gupta also reported that China is the largest mobile market in the world.
Nokia and Samsung led the way with a combined 42.1 percent — 22.9 percent for Samsung and 19.2 percent for Nokia — of the smartphone market. Apple shipped the third most smartphone units (23, 550.3) and held 5.5 percent of the smartphone market.
ZTE grabbed the fourth spot with more than 16,000 sales and a 3.9 percent smartphone share. Rounding out the top five was LG Electronics with 3.3 percent of the market.
While China remains the largest market for smartphones, consumers there didn’t purchase feature devices such as Apple’s iPhone 5 and Samsung’s Galaxy S III.