Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) has outperformed Apple Inc. (NASDAQ:AAPL)’s iPhone, in the United States for the third quarter, according to a report from Consumer Intelligence Research Partners (CIRP). As per the report, Samsung held 38 percent of mobile phone sales in the third quarter, whereas Apple Inc. (NASDAQ:AAPL) slid behind with 34 percent market share, says a report from Fortune.
“Samsung appears to have taken a bit of share from Apple Inc. (NASDAQ:AAPL) in the quarter,” said CIRP co-founder Josh Lowitz.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
Apple to regain top spot
However, Lowitz said that Apple Inc. (NASDAQ:AAPL)’s performance has to do with customers who postponed their purchases waiting for iPhone5S and 5C launch in the quarter.
Apple Inc. (NASDAQ:AAPL) was holding the top spot due to launch of iPhone 5, in October, last year. Additionally, CIRP notes that this quarter will again see Apple