Samsung Opens Up a Big Lead in the Smartphone Market

Last week, market research firm IDC released its quarterly update on the global smartphone market and the big winner is Samsung. The Korean electronics giant sold more than 50 million smartphone from July through September and cemented its position as the world largest smartphone maker with a market share of 31 percent. Apple, Samsung's biggest competitor in the market, sold 27 million iPhones last quarter and saw its market share drop from 17 percent in the second quarter to 15 percent.