Korean electronics giant Samsung has overtaken Nokia to become the world’s largest manufacturer of mobile phones according to Strategy Analytics.
Overall, mobile phone sales were up a modest three per cent in the first quarter of 2012 but Samsung’s market share powered ahead to 25.4 per cent, ahead of former number one Nokia’s 22.5 per cent.
Struggling Nokia saw phone sales plummet 24 per cent across the low-end ‘feature phone’ and higher end smartphones. The Finnish phonemaker reigned the world’s number one for 14 years.
Strategy Analytics also revealed a doubling of Apple’s iPhone sales with the iPhone 4S selling well in the US and Japan and sky rocking sales in China. Both contributed to Apple capturing nearly ten per cent of the global market.
"We expect Apple to grow further in the second quarter of the year, but the upcoming launch of Samsung’s new Galaxy S3 flagship model could slow iPhone’s growth in some regions if it is well received by operators and consumers," Strategy Analytics boss Tom Kang.