Apple's iPhone 4S (left) beside Samsung's Galaxy S3
Apple's iPhone 4S (left) beside Samsung's Galaxy S3

Samsung and Apple to face 'stagnating growth'

TECHNOLOGY giants Samsung and Apple's seemingly unstoppable march to dominate the global smartphone market is to run aground and "stagnate", ratings agency Fitch warned today.

A Fitch report claimed innovations including wearable technology and Apple's new iPhone - rumoured to launch next month featuring a larger screen - will not prove a significant enough draw in emerging markets as they battle to maintain market share against cheaper rivals.

Samsung's and Apple's global smartphone shipment market share will decline to around 25 per cent and 14 per cent respectively by 2015, down from 31 per cent and 15 per cent in 2013, according to the report.

The big two's combined smartphone shipment volume is predicted to stagnate at between 450 million and 460 million units in 2014, down from 467 million last year, even as the global smartphone market grows by around 20 per cent to 1.2 billion units.

Fitch said: "[In emerging markets] where cost is relatively more important than global brand strength or cutting-edge technology, competitors' devices retailing at $100-300 can offer most of the key features of more expensive phones from Samsung and Apple."

The tech behemoths are battling a plethora of fierce local competitors in Asia including China's Xiaomi, Lenovo, Huawei and India's Micromax Informatics.



150-year first for Gladstone church

150-year first for Gladstone church

A new sign of the times at Gladstone Presbyterian Church.

Two men hospitalised from separate crashes on same road

Two men hospitalised from separate crashes on same road

QAS has transported two males in two separate incidents this morning

Crews on standby as Ambrose blaze reignites

Crews on standby as Ambrose blaze reignites

QFES reported that there was no threats to property.

Local Partners