Framingham, Mass.—The worldwide mobile phone market grew 1% in the second quarter, compared with the year-earlier period, as Apple Inc. and Samsung shipped almost half of the world's smartphones, according to a new report.
IDC's “Worldwide Quarterly Mobile Phone Tracker” reported that vendors shipped 406 million units in the second quarter, compared to 401.8 million units in the year-earlier period.
Apple and Samsung have more than doubled their combined market share in the past two years, which has created more distance between the companies and the competition, IDC said.
However, the specter of further economic woes puts growth prospects for the mobile phone market at risk, according to IDC.
“With half of 2012 behind us, vendors are looking ahead to 2013 and how key markets—particularly Europe and emerging markets—will play out," said Ramon Llamas, senior research analyst-mobile phone technology and trends at IDC, in a news release.