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Samsung Pulls Record Earnings; Now Top Phone Maker Worldwide

April 27, 2012 By Stephen Silver
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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.
 

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