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Samsung, LG Dominate Global 'Phablet' Smart Phone Market
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Samsung Electronics Co. and LG Electronics Inc., two major South Korean tech companies, are dominating the market for smartphones equipped with large-size screen panels, industry data showed Sunday.

Samsung Electronics made up 78 percent of the phablet market during the third quarter of this year, while LG Electronics accounted for 14 percent, according to the data provided by Strategy Analytics (SA).

Phablet is a mixed word made from phone and tablet, referring to smartphones equipped with screens whose corner-to-corner size is 5 inches or larger.

The market research firm estimated that about 3.7 million of such large-screen smartphones were sold worldwide during the third quarter, with Samsung and LG selling 2.89 million and 520,000 units, respectively.

The global phablet market size remained relatively small in 2010, with just 100,000 units sold worldwide. Sales exceeded the 3-million mark last year and will surge to about 17 million units this year, analysts said.

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Source: Yonhap News (Dec. 2, 2012)

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