Samsung Set to Dominate Global Smartphone Market

Samsun galaxy s3 phoneSamsung 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.

Filed under: 24/7 Wall St. Wire, Consumer Electronics, Technology Companies, Wireless Tagged: AAPL, GOOG
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