Samsung replaces 14-year titleholder Nokia as world’s biggest handset supplier

For the past 14 years, since it took the title from Motorola in 1998, Nokia has been the most prolific shipper of mobile phones on the planet. But now the Finnish company finds itself in unfamiliar territory: second place. According to new report from market researchers Strategy Analytics, Samsung, not Nokia, is now responsible for shipping the most handsets globally – 93.5 million in the first quarter, compared to Nokia’s 82.7 million.

Tom Kang, an analyst with Strategy Analytics, said of the shift in power:

Last year Samsung became No. 1 in Europe while Nokia retained the No. 1 position in most emerging markets. In the first quarter, we expect Samsung took a lot of market share from Nokia in Asia. China and India were the two biggest markets where Samsung gained.

At $9.7 billion, Nokia’s first-quarter sales were down $4 billion year-over-year. Meanwhile, rival Samsung reported record earnings, including $39.9 billion in revenue and profits of $5.1 billion.

Source: Bloomberg

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