Samsung overtakes Nokia as top phone maker

2012-04-27 22:03
San Francisco - The bad news keeps calling for Nokia.

Just days after its debt rating was downgraded to junk status by the ratings agency Fitch, the Finnish phonemaker has lost its crown as the world's top maker of cellphones to Korean rival Samsung, according to industry reports issued Friday.

The estimates, by Strategy Analytics and iSuppli, said that Samsung sold 93 million mobile phones in the quarter, for 25.4% of the global market.

This compares to the 83 million handsets sold by Nokia, which saw a drop from the 114 million units it sold in the previous quarter.

The turnaround ended Nokia's 14-year reign as the world's top mobile phone maker.

It comes as Nokia is trying to bolster its flagging fortunes in the lucrative and fast-growing smartphone market by launching devices based on Microsoft's Windows Phone operating system, a distant third to Google's Android-based phones and Apple's iPhone.

The report said that Apple sold 35 million iPhones in the quarter, with Samsung selling 32 million smartphones. The Korean electronics giant is set to launch a new version of its popular Galaxy smartphone in the coming weeks.

"It's clear that the company's continued investments in smartphone hardware and software research and development are paying off," said Wayne Lam, senior wireless analyst at IHS.

"Samsung is likely to make further progress in market share in 2012."

Read more on:    samsung  |  nokia  |  south korea  |  finland  |  mobile  |  technology
NEXT ON NEWS24X

linking and moving

2015-04-22 07:36

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
20 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/Sport
Horoscopes
Aquarius
Aquarius

Hold onto your money. Don`t make rash decisions. Today is not a good day to gamble or take an impulsive risk. Someone may be...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.