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This article was published on June 13, 2011


Nomura: Samsung to become world’s largest smartphone maker this quarter

Nomura: Samsung to become world’s largest smartphone maker this quarter Image by: Picasa 3.0
Matt Brian
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Matt Brian

Matt is the former News Editor for The Next Web. You can follow him on Twitter, subscribe to his updates on Facebook and catch up with him Matt is the former News Editor for The Next Web. You can follow him on Twitter, subscribe to his updates on Facebook and catch up with him on Google+.

Samsung will become the world’s largest smartphone vendor in the third quarter of 2011, replacing beleaguered mobile manufacturer Nokia, which has held top position for the past fourteen years, according to Nomura.

The financial institution believes that Apple will also overtake Nokia, beating the Finnish vendor into second place in the next quarter, after failing to hold back growth of the iOS and Android smartphone operating systems.

Nokia remains the world’s biggest producer of mobile phones, thanks to the popularity of its handsets in emerging markets. The company recently signed a deal with Microsoft to reverse its smartphone fortunes, particularly in North America and Europe, moving away from its Symbian platform.

Samsung was recently rumoured to be considering an offer for Nokia’s mobile division, adding to speculation that Microsoft was also in talks to acquire the company. Nokia CEO Stephen Elop put an end to rumours, stating that reports were “baseless” and Nokia would continue working towards its Windows Phone launches.