Samsung's smartphone share hit by Note7 debacle, stiff competition

Samsung Electronics continued on top of the smartphone market in the third quarter but was battered by the impact of the Galaxy Note7 recall and increased competition in India, China and the U.S., according to Strategy Analytics.Overall the market grew by 6 percent annually to reach over 375 million units in the quarter, which was the smartphone industry’s fastest growth rate for a year, according to the research firm. Chinese brands Huawei, Oppo and Vivo posted strong growth rates in ship