Apple (NSDQ: AAPL) and RIM (NSDQ: RIMM) may be eating into its share of the smart phone market in developed markets, but Nokia (NYSE: NOK) is still king of the smart phone in China, where its third quarter share of sales reached an overwhelmingly dominant 69.3 percent, according to a new research report from China research group CCID Consultancy.
Nokia does especially well, CCID found, as the handset maker has a product offering that spans the low, mid, and high tiers of the market. There was also good news for the embattled Motorola (NYSE: MOT), which has the second largest share of the Chinese smartphone market, cornering 19.9 percent of Q3 sales. Motorola does best with the mid-range of the market. The combined share of the two companies accounts for nearly 90 percent of smartphone sales in China. In third place, was local handset maker Dopod (4.7 percent), followed by Korean electronics firm Samsung (2.5 percent).
As for the actual number of handsets sold, the figure was 7.474 million, staying mostly flat (up 0.6 percent from the second quarter). Sales revenues in the third quarter hit 18.17 billion yuan ($2.65 billion), up 4.5 percent from Q2. Smart phone sales accounted for 19.3 percent of total mobile phone sales in China.
CCID expects China