IDC: Phone Sales Up 21.2%

According to IDC?s Worldwide Mobile Phone QView, worldwide mobile phone shipments grew by 21.2% year-over-year in 3Q03 and increased sequentially by 14.0% to 130.1 million units. Nokia maintained its top position in the market while LG Electronics regained the number 5 spot from Sony Ericsson. In addition to the market’s impressive year-over-year growth of 21.2%, the top 5 mobile phone vendors continued to gain back market share after a dip in 1Q03. After dropping from 77.3% of the market in 4Q02 to 71.4% in 1Q03, the top 5 vendors have reclaimed much of their lost market share in 3Q03 with 76.6% of the market. At the same time, 3Q03 was the first quarter of 2003 during which the top 5 vendors all posted positive sequential growth.