Research firm IDC, recently reported that Apple now has 19.1% of the smart-phone market share compared to the incumbent, Nokia with 15.7% market share.

On July 20, Nokia announced in its second quarter earnings from phone shipments in China totalled only US$11.3 million, a drop of nearly 52% for the quarter and 41% year on year. Strategy Analytics reported that for the second quarter of this year, Nokia sold 88 million units worldwide, its lowest point since 1999.

This grim outlook has caused many phone distributors to stop stocking Nokia’s in favour of more popular phones such as Samsung or Apple.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.