SUMMARY
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Samsung has overtaken Nokia as the leading cellphone manufacturer, the first time in 14 years that the Finnish company did not end up on top, according to a report by Market Research firm iSuppli. Samsung is expected to account for 29% of worldwide cellphone shipments in 2012 up from 24% last year. Nokia on the hand drops from 30% in 2011 to 24% in 2012. According to iSippli Senior Analyst Wayne Lam, Smartphones represent the fasted-growing segment of the cellphone market – and account for nearly half of all the wireless handset shipment of the year. In 2012 Samsung surged ahead of Apple with 28% marketshare vs Apple’s 20%.
Read more on IHS.
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