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Samsung CEO: We will Surge Past Nokia in 2012

Samsung has claimed that it is confident that it would blow past Nokia to become the largest mobile phone maker in the world in this year.

Nokia has been the largest mobile phone maker in the world since the past 14 years but has lost a lot of ground in the smartphone segment. Even its mid-level and feature phone business is suffering the due to the invasion of Asian mobile phone makers and low cost Android smartphones.

Samsung on the other hand, became the largest smartphone maker in the world in the third quarter of 2011 and has now set its sights on Nokia's dominance.

According to Reuters, Samsung Chief Executive Choi Gee-sung told reporters in the sidelines of the Consumer Electronics Show in Las Vegas that the company beat Nokia in terms of the revenue in the last quarter and was determined to blow past Nokia this year.

"Samsung is getting closer to Nokia very quickly. Their smartphones strategy has proven right and on feature phones they are growing fast in emerging markets too," IDC analyst Francisco Jeronimo told Reuters.

"Samsung became a recognized brand and their successful smartphones are helping their feature phones business in regions where smartphones are still too expensive," he said.