Samsung leapfrogs Nokia to become world's #1 handset vendor

Samsung is now the wrold's #1 handset vendor

A report by research firm Strategy Analytics shows that Samsung has surpassed Nokia to get the largest handset vendor in the world in terms of volume. In a quarter that saw a small three percentage rise in mobile phone sales, Samsung captured 25 percent of the marketplace. In the meantime, the struggling Finnish manufacturer Nokia's shipments decreased past 24 percent due to declining sales in emerging markets. Despite strong sales of their Lumia line of Windows Telephone handsets, Nokia recorded a substantial Q1 loss of 3%, prompting Moody's to cut their debt rating to the lowest possible investment level.

Neil Mawston, Executive Director at Strategy Analytics, said, "Nokia's global handset shipments declined a huge 24 percent annually to 82.7 one thousand thousand units in Q1 2022. Volumes were squeezed at both ends, every bit low-terminate feature phone shipments in emerging markets stalled and high-stop Microsoft Lumia smartphones were unable to outset the rapid decline of Nokia's legacy Symbian business organisation. Nokia was the world's largest handset vendor between 1998 and 2022, for 14 years, before finally yielding peak position to rival Samsung this quarter."

Fueled by strong sales in the United States and Japan, Apple tree nearly doubled its worldwide shipments from 18.6 1000000 to 35.1 million. They are expected to grow even more in the 2d quarter, though the launch of Samsung'southward new flagship Galaxy S3 will likely irksome Apple down a bit. Though things are currently rough for Nokia in the grand scheme, the Lumia 900 is selling like hotcakes. With recent rumors of Verizon finally embracing Windows Telephone, could we meet a quick turnaround for the one-fourth dimension male monarch of the handset heap?

Global Q1 handset shipments

Source: Strategy Analytics; Via: MarketWatch

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