Apple takes LTE market share from Samsung, LG, Motorola
Apple’s first foray into the LTE smartphone market has already landed the Cupertino tech giant more than a quarter of the world’s market share.
The iPhone 5, the first Apple smartphone equipped to work with so-called “long term evolution” data networks, hauled in 26.7% of the global third quarter LTE smartphone market, according to information by research firm Strategy Analytics.
LTE networks typically provide faster speeds than other cellular networks, but many phones are still not equipped to work with the technology. Also, most carriers are still rolling out LTE, leaving many markets without it for now.
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Apple is still from the top spot in the LTE market, but its early success has already dug into many of its competitors’ shares.
Samsung remained the top dog for the seventh straight quarter, but the South Korea company saw its share of the market fall to 40% from nearly 51% in the second quarter.
Likewise, Apple’s entry cost LG and Motorola. LG’s share fell to about 9% from 15%, while Motorola fell to 6.7% from 15% .
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