After a 14 year reign, Nokia is now second to Samsung

Samsung Electronics is the new leader in cellphones. c/Net reports.

Already ahead of the pack in smartphones, Samsung extended its dominance over the entire handset industry by displacing long-time cellphone king Nokia, according to a study by IHS.

The role reversal illustrates how fast Samsung has risen, thanks largely to its Galaxy S smartphone franchise, and how far Nokia has fallen. Prior to this year, Nokia enjoyed a 14-year reign atop the cellphone market, although its last few years were propped up by its legacy Symbian platform.

Samsung controlled 29 percent of the overall cellphone market, and 28 percent of the smartphone market, according to IHS. In addition to the Galaxy S III, the company offered the larger Galaxy Note 2 and a wide array of more affordable smartphones.

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emily | 6:08 PM | Random Stats / Infographics |
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