Last updated: April 27, 2012 - 8:15am
Samsung overtook Nokia as the world’s biggest vendor of mobile phones for the first time, ending the Finnish company’s 14-year run as the global leader, according to an industry study.
Samsung shipped 93.5 million handsets in the first quarter, 36 percent more than a year earlier, compared with 82.7 million for second-ranked Nokia, researcher Strategy Analytics said in a statement today. Demand for Galaxy smartphones helped Suwon, South Korea-based Samsung post first-quarter net income today of 5.05 trillion won ($4.5 billion), beating analysts’ estimates.
- Nokia Devices Infringe IPCom Phone Patent, UK Judge Rules
- Could Nokia be the surprise winner of Samsung v Apple?
- Why Nokia lost, and Samsung won
- Who’s on pace to sell 1M phones a day?
- Apple and Samsung smartphones outsell Nokia’s for first time in second quarter
- Apple Loses German Court Ruling Against Samsung in Patent Suit
- Nokia prepares to lose its bling tone
- Nokia to cut 10,000 jobs by the end of 2013
- Recession hits mobile-phone market
- Samsung Seeks Sales Ban on Apple IPhone 4S in France, Italy
- Microsoft-Nokia Deal Gets Go-Ahead From Justice Department
- Microsoft Is Getting Nokia’s Phone Business for a Song
- Why Samsung is about to become the smartphone king
- Apple Became Top Smartphone Maker in 2011, Gartner Says
- Nokia Buys Siemens Stake in Joint Unit for $2.2 Billion