SOUTH Korea’s Samsung has finally snared Nokia’s crown, ending a fourteen-year Finnish domination as the globe’s top handphone manufacturer.
“Nokia was the globe’s largest handset vendor between 1998 and 2011, for fourteen years, before finally yielding high position to rival Samsung this quarter,” Strategy Analytics executive director Neil Mawston said.
Strategy Analytics also said Samsung shipped 93.5 million handsets in the early quarter of its fiscal year, capturing a twenty five per cent market share. It sold 68.9 million units in the identical period last year.
Nokia’s shipment drop twenty four per cent from 108.5 million to 82.seven million mobiles. The Finnish company has 22.5 per cent of the market.
“Five years once it replaced the number 2 place from Motorola, Samsung has finally become the globe’s largest handset vendor in volume terms,” Strategy Analytics associate director Alex Spektor said.
Earlier Samsung announced a record net profit of 5.05 trillion won ($4.27 billion) in the primary quarter, thanks largely to strong smartphone sales.
The figure compares with net profit of 2.78 trillion won a year earlier and 4 trillion last October-December.
In the primary quarter of 2012, Samsung managed to sell an spectacular 93.5 million phones worldwide, up 36 % from the identical time last year. Nokia sold 82.7 million phones throughout the same amount.The corporate credited brisk sales of its Galaxy Note and Galaxy S II devices for the record performance in January-March, a quarter that is often a slow period for technology firms after the year-finish vacation period.
Some seventy three per cent of the overall operating profit was generated by the telecoms business. The company is the globe’s second largest mobile maker when Nokia.
Samsung said its display panel business additionally pushed up profit margins despite a seasonal fall in sales of laptop chips and televisions. It tipped further profit increases in coming back months.
“We tend to cautiously expect our earnings momentum to continue, going forward, as competitiveness in our major businesses is heightened,” Robert Yi, senior vice president, said.
Analysts expect the mobile division to stay the largest cash generator for the company, that is the world’s largest maker of flat panels, memory chips and televisions.
Growth in shipments of the Galaxy Note and Galaxy S II and other premium mobile devices yielded high returns, Samsung said, with “important growth” in China, Central and South America, the Middle East and Africa.
Global demand for smartphones is anticipated to increase additional in returning years, with research firm IDC forecasting that international good phone shipments will rise by a 3rd to 659.8 million units in 2012.
Recovery in TV panels would additionally accelerate, Mr Seo said, predicting a second-quarter web profit of 6.02 trillion won.
Samsung said demand for pill and notebook panels was expected to increase on seasonal education-connected demand. Demand for TV panels was expected to grow because of Chinese Labour Day sales and therefore the London Olympics.
The corporate said it would continue to boost profitability by expanding sales of premium panel product like 3D, large size and LED panels.
Smartphone demand was expected to continue to fuel OLED (organic lightweight-emitting diode) panel sales.