According to some recent results from smartphone sale, Nokia Corporation (NYSE:NOK) is taking a nosedive. A recent survey from Gartner indicates that the company now holds seventh place. The same survey puts Samsung Electronics Co., Ltd. (LON:BC94) at the lead with number one.
Despite the overall third quarter decline in smartphone sales, Samsung Electronics Co., Ltd. (LON:BC94) grew close to 19 percent and sold a total of 98 million mobile devices. It's the large rise in smartphone sales that kept the overall mobile phone sales from sinking throughout the quarter.
The number of shipments increased 47 percent over the quarter, that's about 39.6 percent of all the phones sold. Not surprisingly, most of the phones were from Samsung Electronics Co., Ltd. (LON:BC94) and Apple Inc. (NASDAQ:AAPL). The former owns about 23 percent of the market share while the latter owns about 5.5 percent, with a total number of shipments of 23.5 million sales.
Nokia Corporation (NYSE:NOK) was at number one in the smartphone market at the beginning of the year, but now they're all the way on the bottom at number seven. They have about 19.2 percent of the market share and sold about 7.2 million phones, a number that's down from the sale of over 105 million phones a year ago.
Gartner's report stated, "The arrival of the new Lumia devices on Windows [Phone] 8 should help to halt the decline in share in the fourth quarter of 2012, although it won't be until 2013 [that we see] a significant improvement in Nokia's position. Consumers are either cautious with their spending, or finding new gadgets like tablets, as more attractive presents."
These numbers could change or improve in the near future. Last month, Nokia Corporation (NYSE:NOK) released two new Lumia smartphones, including the Lumia 920 with Windows 8. There is no telling what the future will bring for Nokia or their phones but I predict sales will most likely slide even further. The fact is, most people aren't all that interested in the Nokia Corporation (NYSE:NOK) brand or their products.