Apple Lost This Crown to Samsung Last Year

  • Rate this Story
  • 0
  • 0

By Aabha Rathee | January 24, 2013 6:16 AM EST

Wall St. Cheat Sheet

In what is some indication of changing demand trends, Samsung (SSNLF.PK) has passed . Samsung had come in at $16.7 billion for a 5.5 percent share.

Samsung is famously outselling in the U.S. at the same time, leading to the rapid growth in the company’s chip requirements.

chip sales fell 3 percent last year to $297.6 billion, according to Gartner. According to the data, six of the top 10 chip purchasers reduced spending on it last year because of the general slowdown in computer sales.

“In addition to a weak macroeconomic situation, a dramatic change in consumer demand contributed to a reduction in semiconductor demand in 2012,” IDC research Masatsune Yamaji wrote in the report. “The PC market still represented the largest sector for chip demand, but desktop and mobile PCs did not sell well, as consumers’ interest shifted to new mobile computing devices like smartphones and media tablets.”

Hewlett-Packard (NYSE:HPQ), which came in third overall, cut semiconductor expenditures by 13 percent to $14 billion, while fourth-placed Dell (NASDAQ:DELL) reduced spending by a similar percentage to $8.6 billion. Sony (NYSE:SNE) was up in fifth place from eighth after growing spending 1.9 percent to $7.9 billion. Nokia (NYSE:NKE) fell the most, with demand from the Finnish handset maker dropping as much as 42.6 percent to 1.7 percent of the global share at $5 billion.

  • Rate this Story
  • 0
  • 0
The article was first published by Wall St. Cheat Sheet and does not represent the views or opinions of International Business Times.

Join the Conversation

IBTimes TV