Samsung Electronics

Be more like Finland – and start going backwards

? Sydney Morning Herald

David Shearer thinks we should be more like Finland…there are some appealing aspects to this…the hot chicks…the naked beer runs…and top rifles they make…but it isn’t all good news out of Finland:

Samsung Electronics has ended Nokia’s 14-year leadership of the global mobile phone market in the first quarter of the year, outselling the struggling Finnish handset maker for the first time ever, according to a Reuters poll of analysts.

The poll showed analysts on average expect Samsung to have sold 88 million mobile phones in January through March, surpassing the 83 million which Nokia sold in the quarter.

Nokia had announced the sales total on Wednesday when it warned of losses from the phones business in the first and second quarter. Samsung is due to release quarterly numbers on April 27.

Nokia has struggled for several years in the smartphone race, but its dominance in the lower end of the market has allowed it to keep its rank as the world’s largest mobile maker by volume.

The fall of the Finnish firm has been rapid over the last few months as in a similar poll in January it was still expected to stay far ahead of Samsung.

“After 14 years as the largest global mobile phone maker, getting knocked off the top spot will come as a bitter blow to Nokia,” said Ben Wood, head of research at CCS Insight, who has followed the industry since the 1990s.

“In contrast it will be greeted with euphoria by Samsung – they’ll be dancing from the boardroom to the factory floor,” Wood said.

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