How Samsung Beat Nokia

A blog about business and economics.
April 12 2012 10:43 AM

How Samsung Beat Nokia

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The bad news keeps rolling in for Nokia, as Reuters reports that Samsung is poised to overtake Finland's national champion as the world's number one cell phone maker. But what's really striking is the point illustrated above—the two firms' radically different portfolio mixes. In an emerging world where all phones are smartphones, Nokia desperately needed the Lumia 900 to be a hit. But it's not working, and its shares are tanking as a result.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.