Samsung is top 2012 phone brand

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Samsung has overtaken Nokia as the top mobile phone brand for 2012 and has opened up a decisive lead over Apple in the smartphone market, a research firm said Tuesday.

This will mark the first time in 14 years that Finnish-based Nokia will not sit atop the global mobile phone business on an annual basis, according to IHS iSuppli.

Samsung is expected to account for 29 per cent of worldwide cellphone shipments, up from 24 per cent in 2011, according to the IHS, which said Nokia's share dropped to 24 per cent from 30 per cent.

Samsung has also extended its lead over Apple as the top maker of smartphones worldwide, the survey said. Samsung will have 28 per cent of the market, up from 20 per cent in 2011, while Apple's share will rise in 2012 to to 20 per cent from 19 per cent.