Smartphone market unfazed by recession

Smartphone market unfazed by recession

Consumer demand for smartphones seems to be unstoppable.

In the third quarter, vendors shipped a record 43.3 million devices, up 4.2 percent from last year's third quarter and up 3.2 percent from this year's second quarter, says a report released Thursday by market researcher IDC.

Among smartphone vendors, Nokia still enjoys the greatest market share, according to IDC, with a 37.9 percent slice for the third quarter. Though the company has struggled in North America, it commands a huge worldwide lead. Results were aided by Nokia's pricey but popular N97and E71 phones. IDC is also interested to see how Nokia's new N900 smartphone/tablet fares with high-end users.

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