According to the study done by Strategy Analytics, there’s an increment of 10% from the Billion phones sold in 2006, 1.0 billion in 2006 to 1.12 billion in 2007. The growth is expected to continue up to 1.24 billion phones for 2008.

“Nokia of Finland strengthened its position as the world’s best selling phone maker while South Korea’s Samsung moved up to second place and American maker Motorola dropped back to third, according to the Strategy Analytics study.”

Full story at Yahoo News.