Summarize the following article
This article from the New York Times discusses the growing competition in the global smartphone market, with new companies like LG and ZTE offering lower-cost models that are becoming increasingly popular with consumers. While larger companies like Apple and Samsung still dominate the market, these smaller companies are using aggressive pricing strategies to gain market share, especially in emerging markets like China and India. This competition is making it more difficult for companies to maintain their profit margins, but it is also driving innovation and making smartphones more accessible to a wider range of consumers.
https://www.nytimes.com/2010/07/05/business/global/05phone.html
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.

### Instruction:
Summarize the following article

### Input:
https://www.nytimes.com/2010/07/05/business/global/05phone.html

### Response:
This article from the New York Times discusses the growing competition in the global smartphone market, with new companies like LG and ZTE offering lower-cost models that are becoming increasingly popular with consumers. While larger companies like Apple and Samsung still dominate the market, these smaller companies are using aggressive pricing strategies to gain market share, especially in emerging markets like China and India. This competition is making it more difficult for companies to maintain their profit margins, but it is also driving innovation and making smartphones more accessible to a wider range of consumers.