Samsung Dethrones Nokia as Top Cellphone Brand in 2012, Beats Apple

Samsung has ended Nokia's 14-year reign, dethroning the Finnish company to become the top cellphone brand in 2012, according to a new report.

The Korean electronics giant is expected to capture 29% of worldwide cellphone shipments; that's up from 24% last year, the IHS iSuppli Mobile and Wireless Communications Service said in a release. In comparison, Nokia's market share will fall to 24% from 30% last year, the research firm added.

Trailing in third place is Apple, which is predicted to take 10% of shipments (up from 7% in 2011). ZTE follows in fourth place with 6%, remaining steady since last year, while LG ends up in fifth place with 4% (down from 6%).

As last year's runner-up…
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