Samsung pips Nokia to become largest mobile phone seller
Zee Media Bureau
New Delhi: Samsung has piped Nokia to become the largest seller of mobile phones in the country's major markets, as per a news daily report.
Samsung Electronics Co sold a record 69.4 million smartphones in the first quarter, boosting its market share to an all-time high of 33.1 percent, data from research firm Strategy Analytics have showed.
Nokia's shares briefly fell 12.7 percent to a year-low of 2.30 euros. At 1420 GMT the shares were down 8.7 percent at 2.40 euros, above the all-time low of 1.33 hit last year, but a far cry from their 65-euro peak in 2000.
Samsung's Galaxy S4 is set to go on sale from today and is expected to outsell its predecessors with monthly sales of around 10 million.
Nokia's future is seen depending on higher-margin smartphones as a growing number of global consumers want access to apps such as Twitter from their handsets.
With Agency Inputs