Samsung Share Price: Asian Giant Takes Lead in Mobile Web Use

on Jul 11, 2013
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iNVEZZ.com Thursday, July 11th: Website analytics company StatCounter today released its latest report covering global trends of Internet access and software popularity. According to the ‘Internet Wars’ report, South Korean smartphone manufacturer Samsung Electronics (KRX:005930) has overtaken rivals Apple (NASDAQ:AAPL) and Nokia (NYSE:NOK) in terms of mobile Internet access.

A year ago Finland-based Nokia led globally in terms of Internet usage with a 28.05 percent share of mobile Web traffic, followed by Apple with 25.43 percent and Samsung with 19.46 percent. Now the ranking looks different: the South Korean manufacturer accounts for more than a quarter of all mobile Web browsing, with its 25.47 percent share, just ahead of Apple’s 25.09 percent and Nokia’s 22 percent.

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Despite Samsung’s global dominance Apple remains the leader in the US and UK, the world’s most developed markets. While Samsung’s mobile Web usage in the US has risen significantly from 12.65 percent to 18.3 percent in the course of the year ended June 30, Apple’s usage still stands at almost 55 percent. Similarly in the UK, Apple’s reign remains unchallenged with a roughly 48-percent share compared to Samsung’s 20.45 percent, the report shows.

**Samsung Share Price Soars**
Fuelled by investor confidence in the company’s performance, the Samsung share price jumped more than five percent during the last trading session in Seoul. Shares in the South Korean smartphone maker today closed at 1,312,000 won, 5.13 percent above the previous day’s closing level. The stock has lost almost 14 percent of its value in the year to date.

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