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)

ShopClues to offer exquisite handicrafts by Central Cottage Industries Feb 12, 12:30 pm
New Delhi, Feb 12 (ANI): ShopClues, India's first and largest managed marketplace announced its tie-up with Central Cottage Industries Corporation of India to sell the gorgeous handicrafts, artifacts and other productions by the talented Indian artists through its platform.
Full Story
ONGC declares results for Q3, says net profit down by 64 percent Feb 11, 8:01 pm
New Delhi, Feb.11 (ANI): Public sector undertaking Oil and Natural Gas Corporation Limited (ONGC) declared its Quarter Three results here on Thursday after its 278th board meeting.
Full Story
Wipro to acquire US-based HealthPlan Services Feb 11, 7:29 pm
Bangalore, Feb.11 (ANI-Businesswire India): Wipro Limited, a leading global information technology, consulting and business process services company today announced that it has signed a definitive agreement to acquire the U.S.-based HealthPlan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry.
Full Story
IndiaMART launches 'India Ki Khoj' to celebrate spirit of entrepreneurship Feb 11, 5:58 pm
New Delhi, Feb 11 (ANI): IndiaMART, the front-runner of the cause of entrepreneurial fervor in the country, is now set to seal its position as the enabler of business growth with its new brand campaign - 'India ki Khoj'.
Full Story
Comments