Nokia is still the dominant smartphone vendor worldwide, but the Android market has exploded in annual growth and is rapidly catching up with Nokia and the number two player, Apple.
Canalys, a market research firm based in the U.K., said the global smartphone market grew by 64 percent annually, but Nokia saw its share fall from 41 percent last year to 38 percent this year. Despite the dip in market share, Nokia sold a record 23.8 million phones in the second quarter of this year.
Nokia last share despite a rise in sales because other vendors are outpacing the overall market. Research in Motion's share grew 41 percent, Apple's iPhone grew 61 percent, and Android-powered phones in total gained a whopping 866 percent in annual growth. Android's percentage gain was helped by its being a relatively new platform and its adoption by a number of leading mobile vendors in the past year.