Samsung will overtake Nokia as the number one mobile manufacturer in the second quarter of 2011, ending the Finnish firm's 14-year run at the top, according to analysts at Nomura.
This represents a major turnaround for Samsung, which has seen its market share rise from 4.8 per in the first quarter of 2010 to 20.4 per cent in the third quarter of 2011, said Nomura's Handset Market Update report.
The once dominant Nokia is also predicted to fall behind Apple in the second quarter and could even be overtaken by HTC in 2012, the analysts noted.
Nokia has faced significant challenges and struggled to make a dent in the smartphone market despite releasing high-end devices such as the N8 and E7.
The firm's market share in the $300 smartphone segment plunged by 46 per cent in the Asia Pacific region, and by 24 per cent in western Europe, last year, largely owing to the growth of Android.
"We believe that Nokia's high-end market share in central and eastern Europe and in the Middle East and Africa is vulnerable to a similar decline as soon as Android vendors broaden their distribution into these regions," the report said.
Nokia's downward spiral is all the more noteworthy set against the market trend. Nomura expects demand for smartphones to increase in 2011 to 478 million units shipped. Revenue is estimated to top out at $138bn.
However, the analyst also pointed out that there is a risk of short supply in the third quarter, as Apple starts manufacturing the iPhone 5 during the middle of the year.
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