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Apple’s 142% iPhone growth in Q2 outpaces mobile phone market by 12x

Friday, July 29th, 2011

Apple’s 142% iPhone growth in Q2 outpaces mobile phone market by 12x
News from Apple Insider:

By Josh Ong

A massive iPhone shipment increase of 141.8 percent year over year gave Apple a growth rate more than 12 times that of the global mobile phone market in the second quarter, leaving the company poised to overtake LG as the No. 3 handset maker in the world.

IDC released the results of its quarterly Worldwide Mobile Phone Tracker on Thursday, noting that the worldwide mobile phone market grew 11.3 percent year over year. In fact, without taking Apple into account, the global market grew just 7.8 percent. The research group had forecast 13.3 percent growth for the quarter.

Apple’s record shipments of 20.3 million were enough to give it a 5.6 percent share of the market, up from 2.6 percent a year ago. The iPhone maker maintained the fourth-place spot that it achieved continues on Apple Insider
… Read the full article

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