Samsung Pulls Record Earnings; Now Top Phone Maker Worldwide

Samsung Thursday posted a record profit of the equivalent of $4.46 billion, as the company was driven by the success of its smartphone business.

In fact, according to a Strategy Analytics report, Samsung has overtaken Nokia to become the world’s top handset manufacturer, ending Nokia’s 14-year run.

“Samsung was the star performer, shipping 93.5 million handsets worldwide and capturing a record 25 percent marketshare. Five years after it captured the number-two spot from Motorola, Samsung has finally become the world’s largest handset vendor in volume terms,” Alex Spektor, Strategy Analytics’ associate director, said as part of the announcement.

Related Content
Comments