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Samsung Overtakes Nokia to Become Worlds Largest Handset Vendor in Q1 2012
Volatility in the global economy, including the sovereign debt crisis in Western Europe, and a sharp decline in volumes from giant Nokia, impacted the global handset market in Q1 2012, with shipments of 368 million units representing a modest year-on-year increase of just 3%. There was strong variation among vendors, however, with Apple’s handset shipments growing by 89% annually and Nokia’s declining by 24%. The Finnish giant lost its position, to Samsung, as the number one handset vendor by volume for the first time since the 1990s.