The overall smartphone market grew 65% in the second quarter, with 106.5 million handsets shipped. While growth is still strong, that figure reflects a drop from the 84% increase in the prior quarter. IDC projects the smartphone business will grow 55% this year, with new flagship models and updated phones being rolled out in the second half of 2011.
"The smartphone market leadership change signifies the parity that comes with a fast-growing market such as smartphones," said Kevin Restivo, a senior research analyst at IDC, in a statement. "There is no runaway leader in the market, which means there could easily be further Top 5 vendor changes to come."