Samsung has regained its position as the largest smartphone maker in the world from Apple and has usurped Nokia as the world’s largest mobile phone maker.
The Korean manufacturer also posted record profits during the first quarter of 2012, with the popularity of its Galaxy range of smartphones a major factor.
In total, Samsung sold 93.4 million handsets, or 25.4 percent of the market, during the same period, ending Nokia’s 14-year reign as the world’s largest mobile phone manufacturer. The title had been something to cling onto for the beleaguered Finnish manufacturer, whose recent struggles have been compounded by a lukewarm consumer reception to its Lumia range of Windows Phones.
However it was claimed that the delay to the UK launch of the Lumia 900 was due to “overwhelming demand” for the device in the US.
Samsung also reported a record quarterly profit of $4.5 billion (£2.8bn) during the period between January and April. The company has high hopes of its good fortune continuing, with the arrival of the successor to its flagship smartphone, the Galaxy SII, just around the corner.
How much do you know about the iPhone’s rivals? Find out with our quiz!
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as…
Microsoft's cloud business practices are reportedly facing a potential anti-competitive investigation by the FTC
Ilya Lichtenstein sentenced to five years in prison for hacking into a virtual currency exchange…
Target for Elon Musk's lawsuit, hate speech watchdog CCDH, announces its decision to quit X…
Antitrust penalty. European Commission fines Meta a hefty €798m ($843m) for tying Facebook Marketplace to…
Elon Musk continues to provoke the ire of various leaders around the world with his…