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Samusung Becomes Number 1 In Europe, Overtaking Nokia

   
2:23 pm on May 6, 2011 (gmt 0)

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Samusung Becomes Number 1 In Europe, Overtaking Nokia [reuters.com]
Samsung Electronics Co Ltd (005930.KS) rose to the No. 1 spot in the Western European cellphone market in the first-quarter, overtaking long-term market leader Nokia (NOK1V.HE) on its home turf, research firm IDC said.

Losing the No 1 position in the home market, where Nokia has been the dominating force since the 1990s, marks another setback for the struggling Finnish handset maker who still makes more phones than its rivals due to its strong position in emerging markets.

Samsung's sales rose 5 percent year-on-year in the region, with market share rising to 29 percent, while Nokia sales dropped 10 percent, and its market share slipped to 28 percent, IDC said on Thursday.

 

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