Samsung Overtakes Nokia to Become World’s Largest Handset Maker

Fourteen Years as the undisputed king of mobile phone handset sales is coming to an end for Finnish manufacturer Nokia,
A recently released report by Research firm Strategy Analytics shows that worldwide handset shipments increased by 3% in the first quarter of this year to 368 million units. Samsung beat Nokia, becoming the world’s number one handset supplier for the first time ever.
Alex Spektor, Associate Director at Strategy Analytics, said “Volatility in the global economy, including the sovereign debt crisis in Western Europe, and a sharp decline in volumes from giant Nokia, impacted the global handset market in Q1 2012, with shipments of 368 million units representing a modest year-on-year increase of just 3%. There was strong variation among vendors, however, with Apple’s handset shipments growing by 89% annually and Nokia’s declining by 24%. The Finnish giant lost its position, to Samsung, as the number one handset vendor by volume for the first time since the 1990s.”
Are you surprised by these results, will you be jumping ship from Nokia to Samsung? Sound off your thoughts in our comments sections.
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