1. Cell Wars

    Samsung Overtakes Nokia

    Jung Yeon-Je, AFP / Getty Images

    For the first time, Samsung has overtaken Nokia as the world’s biggest maker of mobile phones, ending the Finnish company’s 14-year run. According to an industry study, Samsung shipped 93.5 million handsets in the first quarter of 2012, 36 percent more than a year earlier. Nokia shipped 82.7 million, researcher Strategy Analytics said in a statement Friday. Samsung posted a $4.5 billion first-quarter net income today, while Nokia reported a $1.8 billion first-quarter operating loss because of a sales slump.

    Read it at Bloomberg