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.