New York iPhone users to Benefit from iBeacon Event on May 20
Apple Granted a Surprising Patent for an iWatch-Like Device

Samsung Profits Dip for the Second Consecutive Quarter

10. News
Samsung Electronics saw earnings dip in the first quarter – for the second consecutive quarter – as margins were squeezed by competition in the high-end smartphone market (ahem, Apple). The dip contrasts with rival Apple, whose smartphone unit sales jumped 17 per cent in the first quarter, driving an overall 5 per cent rise in sales to $45.6bn and helping Apple's earnings growth hit its highest rate in six quarters, with net profit of $10.2bn.


According to the Financial Times, the world's largest mobile phone maker said operating profit fell 3.3 per cent year-on-year to Won8.49tn ($8.2bn) in the January-March period while sales increased 1.5 per cent to Won53.68tn.


A second report quoted research firm Strategy Analytics stating that "Samsung Electronics smartphone shipments rose 28% to 89 million units in the first quarter, but the world's top handset maker lost market share to Chinese and other rivals. Specifically, Samsung's smartphone market share fell to 31.2% from 32.4% a year ago.


120. PA - Bar - NewsAbout Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Comments are reviewed daily from 4am to 7pm PST and sporadically over the weekend.




The comments to this entry are closed.