Samsung overtakes Nokia for the first time in 14 years
South Korean manufacturer Samsung Electronics has taken over Nokia’s leadership position in the global phone market in the first quarter of the year, for the first time, according to a report by Reuters.
According to the report, analysts expect Samsung to have sold 88 million mobile phones in January through March, surpassing the 83 million which Nokia sold in the quarter. Samsung’s smartphone such as the Galaxy Nexus have proved to be a big success for Samsung, enabling the operator to maintain a command over the market.
The exact number for Samsung’s quarterly sales is still awaited, while Nokia released the same last week. As per the report, while Nokia has been losing out to rivals Apple and Samsung in the smartphone market, it has been able to maintain its dominant position by selling lower end mobile phones to the masses.
Analysts believe that while this would have little impact on their turnover, the number change would be a big blow for Nokia. On the other hand, the same would be a cause for celebration at Samsung.