Nokia Remains 2nd Largest Mobile Phone Vendor (For Now)

Worldwide mobile phone sales amounted to 456 million units in the third quarter of 2014, with smartphones now accounting for 2 in 3 mobile phones sold, according to Gartner. Feature phone sales declined 25 percent to 155 million units, as low-cost Android smartphones further narrowed the price gap between feature phones and their smarter siblings.

Interestingly, Nokia, the iconic mobile phone brand that Microsoft recently decided to phase out, is still the second largest mobile phone vendor in the world. However, given its weak position in the smartphone market, Nokia's sales dropped more than 30 percent compared to the previous year and as it stands, Apple will soon overtake the former market leader in terms of unit sales. In terms of revenue, Nokia has long been passed by other vendors, as the brand's last stronghold is in the low-price feature phone segment.