4/02/2012 @ 9:01AM |6,103 views Samsung Takes Bite From Apple + Comment now 2
Following his monthly look into the wireless industry, Canaccord Genuity technology analyst Michael Walkley noted that Samsung and Apple (AAPL) continued to consolidate share with sales rebounding after a slow start to 2012. Mr. Walkley said:
“Our global checks also indicated another quarter of strong market share gains for Samsung, particularly in Europe and Asia. In fact, we believe Samsung’s strong smartphone portfolio across all price tiers will result in Samsung’s smartphone shipments increasing a remarkable 15%-plus sequentially during the seasonally weak March quarter.”
He added, “. . .we believe Samsung’s broad range of SKUs and price points has resulted in share gains within the growing pre-paid smartphone market.”
Estimates showed that in 1Q/12E Samsung took 28.2% of Smartphone market share while Apple (AAPL) took 22.4%.