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Telecom & Wireless

Samsung Set to Dominate Global Smartphone Market

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Samsun galaxy s3 phone
courtesy of Samsung
Samsung is not only the world’s largest handset company; it may soon become the most dominant one in smartphones. That means it must take more market share from Apple Inc. (NASDAQ: AAPL).

Based on Apple’s share price, investors fear, among other things, Samsung’s success with Google Inc. (NASDAQ: GOOG) Android-based phones. According to Reuters:

Samsung Electronics Co Ltd is expected to widen its lead over Apple Inc in global smartphone sales this year with 35 percent growth, helped by a broad product lineup, according to market researcher Strategy Analytics.

This will take place as the overall market explodes:

Global smartphone shipments will jump 27 percent to 875 million this year, slowing from last year’s torrid 41 percent pace as growth is easing in many key markets such as North America, China, the developed economies of Asia, and Western Europe.

The Strategy Analytics does not offer much hope to the industry’s other players beyond Apple and Samsung.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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