As of today, Samsung has overtaken Apple in the “Smart Phone” market. As of third quarter statistics, Samsung controls 23.8% of the global “Smart Phone” market, whereas Apple only controls 14.6%. The ascent has not been subtle though. Samsung has been slowly closing the distance between themselves and Apple after they put out the first Google Android and Galaxy series phones. I do not see this as a surprise though. While many still love the iPhone, it was not until recently that they allowed other networks to service their phones, and that was where Samsung had an advantage. To give you a mental picture, the price of a Samsung stock has tripled since the release of the Android phones, and that number is continually rising.
We have to remember though that these third quarter stats do not encompass the possible breakout of the iPhone 4S and 5. While it is highly unlikely that Apple will return to power any time soon, anticipation is rising for the later models and open networking.
When we look at the big picture, we see a tremendous growth in the number of smart phone users around the world (44% or 117 million units). When we put this together with the growing number of Android phones, we see that it is very possible that the number of new phone owners around the world is boosting Samsung’s numbers. Why would a new phone owner want such a nice phone as their first phone? Actually, the Android phones are slightly more affordable than your typical iPhone, with just as much ability and speed. Nevertheless, whether you want the brand name of the value, it is completely up to you.
-Beck Goodloe
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