God save the new King
Samsung is now the global leader of the mobile phone market outselling Nokia for the first time. A Reuters poll showed analysts on average expect Samsung to have sold 88 million mobile phones surpassing the 83 million which Nokia sold in the quarter.
Apparently it is the Galaxy Nexus have allowed Samsung to storm the mobile phone market and open the Bastille. Nokia had announced the sales total on Wednesday when it warned of losses from the phones business in the first and second quarter.
Nokia has struggled for several years in the smartphone race, but its dominance in the lower end of the market has allowed it to keep its rank. But Nokian has fallen fast as a similar poll in January it was still expected to stay far ahead of Samsung.
Nokia became the world's largest mobile maker 1998 when it overtook Motorola and it controlled around 40 percent of the market for years.
More here.
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