Nokia showed renewed strength and expanded vendor portfolios continued to gain traction with consumers as the worldwide mobile phone market posted a second consecutive quarter of sequential growth in Q3 2004. According to IDCs Worldwide Mobile Phone QView, worldwide mobile phone shipments rose 23% YTY and increased sequentially 7% in Q3 2004 to 164.1 mln units. The third quarter marked the first time that Nokia has achieved greater than 30% market share since the company’s drop during Q1 2004. Although initially faulted for a lack of mid-range handsets, Nokia has responded by reinforcing its portfolio with a number of new mid-range and high-end handsets, including fashion, camera, and enterprise-focused mobile phones and converged mobile devices. As a result, the company finds itself firmly at the top of the market; conversely, the next four spots are more in flux than ever. Only 0.4% separates #2 Motorola and #3 Samsung, while the same amount separates #4 Siemens and #5 LG Electronics. Even LG Electronics is not completely safe, with Sony Ericsson less than 1% behind.
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