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Strong Q1 mobile phone growth in global market

Despite recent economic slowdowns, mobile phones continued to ship worldwide and the market actually experienced double-digit growth.

This article originally appeared on Brighthand.com.

Despite recent economic slowdowns, mobile phones continued to ship worldwide and the market actually experienced double-digit growth. Nokia and Samsung continued to hold their leading positions in market share.

During the first quarter of this year, the market for mobile phones worldwide were unaffected by the economic slowdown. In fact, shipments rose by a double-digit percentage compared to the same period in 2007.

Global mobile-handset shipments reached 296 million units during the first three months of this year, up 17% from the first quarter of 2007, according to market-research firm iSupply.

Results by company
Nokia easily maintained its market dominance last quarter. Its shipments of 115.5 million units gave it a market share of 39%. Shipments were up 26.8% year over year.
Samsung reinforced its No. 2 position in the first quarter of 2008. Its world handset market share rose to 15.6% in the first quarter, and its shipments were up 33%.

Amid serious losses, declining market share, and restructuring, Motorola's mobile-handset business continued to struggle. It had a 9.3% share of the market last quarter. It's mobile phone shipments had a yearly decline of 39.6% last quarter.

Just slightly behind Motorola was LG with 8.2% of the world market and Sony Ericsson with 7.5%. LG's shipments increased dramatically -- 54.4% -- to put it ahead of Sony Ericsson, whose sales only went up 2.3%.

LG credited its sales growth to strong results in emerging regions and in its home market of S. Korea. Sony Ericcson, on the other hand, blamed its weak performance in the first three months of this year on slow demand for mid-range to high-range handsets, areas which have traditionally been strong for the company.

Because shipments of smartphones are dwarfed by those of feature phones and dumbphones, companies like RIM and Apple are unlikely to make it in the top five list any time soon.

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