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Samsung overtakes Nokia in cell phone shipments | South Korean mobile maker Samsung has overtaken Nokia to become the world's largest maker of mobile phones, according to a report. Research firm Strategy
Analytics revealed that in the first quarter of 2012 Samsung shipped 93 million
mobile handsets phones compared to almost 83 million by Nokia. The firm said its
IT and mobile communications division, which manufactures the smartphones, made
an operating profit of 4.27 trillion won during the period, as revenues in the
division surged 86 percent from a year earlier, The BBC reports. Meanwhile, Samsung
is facing stiff competition from rivals such as Apple and Taiwan '-based HTC.
Apple, which said earlier this week that it sold 35 million of its iPhones in
the first quarter, is expected to launch a new version of its handset later this
year. According to the report, another area of concern for Samsung is likely to
be its chip manufacturing unit, which is facing slow global demand for personal
computers Samsung's memory-chip division saw its profits slide by 54 percent during
the first quarter when compared with the same period a year earlier.
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