Apple Is Taking Over More Of The World’s Smartphone Market

Apple iPhone Market Share

Apple is continuing to take over more of the global market share in the smartphone sector. A new report issued by Gartner, Inc., on Thursday shows the company growing its dominance for the second quarter of 2015.

While the company’s continues to find new customers for its iPhone lineup, the report also showcases a slowdown in overall smartphone sales. According to Gartner, sales of the mobile devices reached their slowest pace since 2013.

The report claims Apple’s iPhone market share has now reached 14.6 percent, up from 12.2 percent during the same period last year.

While Samsung Electronics still owns the largest chunk of the market, thanks to its smartphone and feature phone devices that fair well in emerging markets, the company has still lost ground. Year-over-year the company has fallen from a 26.2 percent global market share to 21.9 percent.

Investors have been bearish in recent weeks after Apple released less than spectacular numbers for its core product sales, but that doesn’t mean the company isn’t continue its march towards an even bigger part of the worldwide mobility market.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.