iPhone Market Share Grows 141.8 Percent Each Year

In Apple’s last earnings call, it was announced that 20 million iPhones had been sold in Q3 of 2011 alone. Apple has overtaken Nokia as the world’s leading smartphone vendor, and a recent report also places Apple as the top smartphone manufacturer in the US.

With the iPhone’s seemingly unstoppable growth rate, it’s not a surprise that Apple’s 5 year old smartphone now sees a 141.8% year-over-year increase in market share.

A new research report from IDC shows that worldwide mobile phone market share grew 11.3% in Q2 of 2011. That figure is heavily influenced by Apple’s incredible sales, with the iPhone more than doubling its corner of the market since last year.

The most impressive set of numbers from IDC’s report related to the huge spike in iPhone sales between Q2 of 2011 and Q2 of last year. In the second business quarter of 2010, Apple sold 8.4 million units worldwide. This year’s Q2 sales were a staggering 20.3 million units — that equals a 141.8% year-over-year growth rate.


“The company easily posted the highest growth rate of the worldwide leaders despite the fact that its flagship iPhone 4 is now more than a year old. The triple-digit shipment volume growth allowed Apple to more than double its share when compared to the same quarter last year.”

On another note, Apple also has more cash than the US government.

[The Loop]