Nokia is no longer the world’s biggest selling cell phone manufacturer. For the first time ever, Korean handset manufacturer Samsung has outsold Nokia in the last quarter – by an estimated 93 million mobile phone units compared with Nokia’s 83 million. It’s also predicted that Samsung has outsold the iPhone in the smartphone market in recent months.
Samsung has reported a profit of $4.45 billion for the first three months of 2012 – an 82% increase on its first quarter profit of last year.
The results, which were released on Friday, that Samsung’s strategy of honing in on the smartphone market with its Galaxy range has been highly successful.
Research house Frost & Sullivan points out that Samsung is also focusing on aggressive growth into Africa. The company will soon launch products specifically designed to deal with environmental conditions like inconsistent power supplies, may signal good news for cell phone users on the continent.
[Source: ITWeb]
