Nokia loses top position to Samsung

Korean electronics giant Samsung has dethroned Finnish major Nokia as the top mobile handset maker with sales of 86.6 million units in 2011, research firm Gartner said on Wednesday.

Samsung, with a sales growth of 25.9 per cent, had a market share of 20.7 per cent in January-March 2012 quarter, while Nokia (with 83.2 million units sold) had a share of 19.8 per cent in the same period, Gartner said. Worldwide sales of mobile phones dipped two per cent to 419.1 million units in first quarter of 2012.

'Global sales of mobile devices declined more than expected due to a slowdown in demand from the Asia/Pacific region. Q1, traditionally the strongest quarter for Asia, saw a lack of new product launches from leading manufacturers, and users delayed upgrades in the hope of better smartphone deals arriving later in the year,' Gartner Principal Research Analyst Anshul Gupta said.
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