Finnish mobile manufacturer Nokia is now being challenged by Korean manufacturer Samsung. According to the data available by Voice & Data study while Samsung registered revenues of Rs 5,720 crore in 2010-11 (up from Rs 4,700 crores) from India , Nokia registered revenues of Rs 12,929 crores ( up from Rs 12,900 crores). According to experts, Nokia’s dominance in the Indian market is under pressure. It is however, still dominant with a market share of 39%. Samsung on the other hand enjoys a market share of 20.1%.
Samsung’s rise is accredited to its growth in feature and smartphone segment. In terms of monthly shipments too, Samsung has grown at a faster pace than others. Samsung’s smartphones such as Galaxy and Wave has helped it increase its share in the smartphone category. Nokia’s share in smartphone market has dipped significantly across the globe. It has tied up with Microsoft to launch phones running on Windows OS platform.