Nokia loses cellphone crown after 14 years as top brand

Nokia loses cellphone crown after 14 years as top brand: Samsung Electronics overtook Nokia in the first quarter to become the world's largest cellphone brand for the first time. However, Samsung remained in second place in the smartphone segment, behind Apple, according to IHS iSuppli. The South Korean electronics giant shipped 92 million cellphones worldwide in the first quarter, compared to 83 million for longtime market leader Nokia. While Samsung's shipments declined by 13% compared to the fourth quarter of 2011, Nokia's dropped by 27%, as presented in Table 1. This allowed Samsung to rise one position to take first place.