Samsung fast losing as biggest player in smartphone market

Samsung still rules the smartphone market but a closer look at the statistics in the third quarter revealed that its market share has dropped considerably in comparison to the last year.

Samsung still rules the smartphone market but a closer look at the statistics in the third quarter revealed that its market share has dropped considerably in comparison to the last year.

Samsung sold 73.2 million smartphones worldwide in the third quarter, giving the company 24.4 percent market share. However, the tech giant sold 80.4 million smartphones during the same period in 2013 and grabbed 32.1 percent market share, reported CNET.

The report said that the dip in Samsung's market share cannot be attributed to a troubled smartphone market as the entire market saw a sales jump from 250.3 million in 2013 to 301 million in 2014.

Apple topped the chart in the third quarter, with sales rising from 30.3 million last year to 38.2 million this year. China-based companies like, Huawei and Xiaomi also recorded an increase in sales.