The study conducted by StatCounter in Sep 2010 found that Internet Explorer is facing intense competition from the rival browsers Google Chrome and Mozilla Firefox. The study showed that for the first time Internet Explorer's shares came down below 50 percent of the total share.
The latest figures showed that Mozilla"s Firefox has 31.5 percent market share and the search engine giant Google's Chrome enjoys 11.54 percent of the market.
"This is certainly a milestone in the internet browser wars. Just two years ago, Internet Explorer dominated the worldwide market with 67 percent," said Aodhan Cullen, chief executive of StatCounter.
Media reported that the decline in shares of Internet Explorer was happened after a ruling passed by European Commission. According to this rule Microsoft has to add a 'ballot box' which allows users to install web browser of their choice from a a list of 12 web browsers.