Saturday, April 28, 2012

Samsung passes Nokia as top global manufacturer of cell phones

Fourteen years is a good long run, but that doesn't mean a company that is on the downturn, as Nokia is, is happy with this news. In Q1 2012, Samsung overtook Nokia as the world’s biggest OEM of mobile phones overall, not just smartphones, according to an industry study by market research firm Strategy Analytics.

SA's data says that Samsung shipped 93.5 million handsets in Q1 2012, which is 36 percent more year-over-year. On the other hand, Nokia shipped 82.7 million handsets. Samsung also issued its financial statement for Q1 2012, saying it had Q1 2012 net income today of $4.5 billion (operating income of $5.2 billion) and sales of $40 billion, topping analysts’ estimates.

Nokia, meanwhile, had already reported a $1.8 billion first-quarter operating loss as its handset sales continue to slump.

Tom Kang, a Seoul-based research analyst at Strategy Analytics, said “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.”
Apple is the world’s third-largest maker of mobile phones and the second largest maker of smartphones after its shipments rose 89 percent to 35.1 million last quarter, or 24 percent of the market, according to Strategy Analytics. Restricting data to smartphones only, Samsung shipped 44.5 million smartphones in Q1 2012, giving it 31 percent of the smartphone market. Nokia ranked third in the smartphone market.

Earlier this month, Nokia said that its new Windows Phone smartphone line amounted to sales of more than 2 million units in Q1 2012. According to SA, that's out of 11.9 million smartphones that Nokia shipped, meaning that the lion's share of Nokia devices is still Symbian or other Nokia-developed platforms.

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