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Samsung grew 17 percent annually and shipped a record 120.1 million mobile phones worldwide, capturing a record 29 percent marketshare in Q3 2013. Samsung shipped more mobile phones than Nokia, Apple and LG combined. Solid demand for the new Note 3 phablet and for mass-market devices like the Galaxy Y helped to lift Samsung’s volumes. Nokia shipped a slightly better-than-expected 64.6 million mobile phones worldwide in Q3 2013. Nokia’s 15 percent global mobile phone marketshare is showing signs of stabilizing sequentially as demand for the Microsoft Lumia smartphone range is improving. However, Nokia’s feature phone unit remains a problem-child as global volumes dipped -27% year-over-year.

Apple shipped 33.8 million iPhones worldwide in Q3 2013, up from 26.9 million a year earlier. Apple grew 26 percent annually in Q3 2013, which was faster than the overall mobile phone industry, enabling Apple to raise its global marketshare slightly from 7 percent to 8 percent during the past year. We expect Apple to gain further mobile phone share in the upcoming fourth quarter of 2013 due to high demand for its new iPhone 5s model. LG maintained its broad upward momentum with 18.3 million mobile phones shipped worldwide in Q3 2013, rising from 14.4 million units a year earlier. LG is expanding rapidly in Europe, but China and India remain major weak spots that the vendor still needs to address.