Monday, June 13, 2011

Samsung and Apple to end Nokia's smartphone reign | Reuters

Samsung Electronics will become the world's largest smartphone maker in the second quarter of 2011, overtaking struggling Nokia Oyj which has lead the market since 1996, Nomura analysts believe. Nomura also sees also Apple overtaking Nokia, pushing the Finnish company to number three in the rankings.

'Nokia looks set to relinquish its smartphone crown to Samsung and Apple,' Nomura analysts said in a research note. Research firms Gartner and Canalys both said they saw Nokia, which created the smartphone market with its 1996 launch of the Communicator model, losing smartphone volume leadership later this year.

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