Nokia has enjoyed a healthy 14-year reign as the world's top cellphone manufacturer, but Samsung thinks that run will come to an end this year. Speaking to reporters at CES last night, Samsung CEO Choi Gee-Sung said his company overtook Espoo in revenue last quarter, and predicted that it'll soon pass Nokia in shipments, as well. Choi's forecast was apparently based on the Korean firm's strong momentum, coupled with Nokia's recent struggles. The executive went on to say that Samsung's sales have grown at a surprisingly quick rate, and that the company plans to ramp up investment in the coming years. "With the current sales growth rate, we are likely to... achieve the 2015 sales target of $200 billion earlier [than expected]," Choi explained. Consider the gauntlet laid.
Samsung eyes Nokia's cellphone throne, seems pretty confident about it originally appeared on Engadget on Tue, 10 Jan 2012 14:50:00 EDT. Please see our terms for use of feeds.
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