Belfast Telegraph

Icahn bet on Apple dealt an early blow

By Jamie Dunkley

Carl Icahn's huge bet on Apple has suffered an early setback as figures showed the technology giant had lost ground to Samsung.

Although global sales of smartphones outstripped basic feature phones for the first time during the second quarter, Apple's slice of the pie was smaller.

Samsung sold 71.38 million smartphones in the period, according to research specialist Gartner, helping it corner 31.7% of the market against 29.7% in 2012. Apple sold 31.89m units, and its market share fell to 14.2% from 18.8%.

Smartphone sales rose 46.5% year on year to 225m while only 210m feature phones were sold.

Gartner's Anshul Gupta said: "Flagship devices brought to market in time for the holidays and the continued price reduction of smartphones will help drive consumer adoption during the second half."

News of Apple's falling market share came hours after billionaire US investor Icahn revealed he had taken a "large position" in the company.

Belfast Telegraph