14 Jun '11, 2pm

Samsung, Apple to end Nokia's smartphone reign - Yahoo! News via @yahoosg

HELSINKI (Reuters) - Samsung Electronics Co Ltd will become the world's largest smartphone maker this quarter, overtaking struggling Nokia Oyj which has lead the market since 1996, Nomura said on Monday. In the next quarter Nomura sees Apple Inc also overtaking Nokia, pushing the Finnish company to No. 3 in the rankings. "Nokia looks set to relinquish its smartphone crown to Samsung and Apple," Nomura analysts said in a research note. "Further emphasizing the shift in power to Asia is our forecast for HTC to almost match Nokia during 2012." Research firms Gartner and Canalys both said they saw Nokia -- which created the smartphone market with its 1996 launch of the Communicator model -- losing smartphone volume leadership later this year. "If Nokia's new phones are not well received in the third quarter and with the Galaxy S2 ramping up, Samsung might overtake them and bec...

Full article: http://sg.news.yahoo.com/samsung-end-14-nokia-smartphone-...

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