Samsung overtakes Nokia in cell phone shipments

   Apr 28, 11:54 am

London, Apr 28 (ANI): South Korean mobile maker Samsung has overtaken Nokia to become the world's largest maker of mobile phones, according to a report.

Research firm Strategy Analytics revealed that in the first quarter of 2012 Samsung shipped 93 million mobile handsets phones compared to almost 83 million by Nokia.

The firm said its IT and mobile communications division, which manufactures the smartphones, made an operating profit of 4.27 trillion won during the period, as revenues in the division surged 86 percent from a year earlier, The BBC reports.

Meanwhile, Samsung is facing stiff competition from rivals such as Apple and Taiwan'-based HTC.

Apple, which said earlier this week that it sold 35 million of its iPhones in the first quarter, is expected to launch a new version of its handset later this year.

According to the report, another area of concern for Samsung is likely to be its chip manufacturing unit, which is facing slow global demand for personal computers

Samsung 's memory-chip division saw its profits slide by 54 percent during the first quarter when compared with the same period a year earlier. (ANI)

Indian Inc. has important role in developing standards: Cabinet Secretary Apr 16, 8:37 pm
New Delhi, Apr.16 (ANI): Delivering the inaugural address at the Standards Conclave: Role of Standards in International Trade: Challenges Opportunities and Issues, organized by the Confederation of Indian Industry and the Ministry of Commerce and Industry, Cabinet Secretary Ajit Seth said on Wednesday that: "Indian industry has an important role to play in developing standards in India."
Full Story
Manufacturing industry must become rapid learning enterprise: CII Apr 16, 8:37 pm
New Delhi, Apr.16 (ANI): The digital and technology adoption is driving performance improvement and increase in market reach.
Full Story
Typo stops iPhone keyboard sales as Blackberry-won injunction takes effect Apr 16, 3:14 pm
Washington, Apr 16 (ANI): Typo has reportedly stopped the sale of its add-on keyboard for the iPhone, after an injunction won by Blackerry took effect.
Full Story
Twitter shares soar in wake of Gnip acquisition Apr 16, 2:41 pm
Washington, Apr 16 (ANI): Twitter's market shares went up by more than11 percent after the social network announced that it was acquiring Gnip for an undisclosed price.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY