Saturday, April 28, 2012

Samsung Overtakes Nokia

Samsung Overtakes NokiaFor the first time, Samsung has overtaken Nokia as the world’s biggest maker of mobile phones, ending the Finnish company’s 14-year run. According to an industry study, Samsung shipped 93.5 million handsets in the first quarter of 2012, 36 percent more than a year earlier. Nokia shipped 82.7 million, researcher Strategy Analytics said in a statement Friday. Samsung posted a $4.5 billion first-quarter net income today, while Nokia reported a $1.8 billion first-quarter operating loss because of a sales slump.

April 27, 2012 The Daily Beast

Cell Wars- Image - Jung Yeon-Je, AFP / Getty Images

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