Historic day when Samsung overtakes Nokia
South Korean electronics giant reported Friday a record net profit of 4.44 billion dollar in the first quarter, led by strong mobile sales, and dethrones Nokia as world's mobile phone leader. It also tops Apple in global mobile phone shipments.
"Samsung and Apple are outcompeting most of their major rivals and the smartphone market is at risk of becoming a two-horse race," Neil Mawston, Executive Director at Strategy Analytics, said in a statement.
Samsung's share went from 12.2 percent in the first quarter of 2011 to a whopping 30.6 percent in the first quarter of this year, according to Strategy Analytics. At the same time Nokia's share dropped like a rock from 23.5 percent to 8.2 percent this year.
Last Updated (Friday, 27 April 2012 07:02)
