Q3 summary:Top 5 Mobile Phone Vendors

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This week was chock full of financial reports and now it’s time for a summary. According to industry analysts IDC, mobile phone market grew 14.6% with 340.5 million units shipped. Smartphones are playing an ever-increasing role - the estimated smartphone market share is expected to grow by over 50% by the end of the year.

Apple entered the Top 5 phone manufacturers and it’s the second smartphone-only manufacturer among them. Along with RIM (the other smartphone-only company), the two manufacturers have the highest growth rates in the third quarter of 2010.

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