Galaxy Smartphones Trigger Great Profits For Samsung

Samsung Galaxy Phones have helped the company to surge ahead with great profits recorded in the last months of 2012. The net income of the company had risen by 7.04 tn won from 4.01 tn won in the same period exactly a year ago. These figures have exceeded the expectations of the Company as well as mobile analysts. The Korean firm stated that its mobile profits have doubled in the same period. Last year Samsung had become the biggest smartphone manufacturer overtaking Apple who was its chief rival in the mobile phone segment.

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 According to Lee Se-chul from Meritz Securities in Seoul the momentum of the earnings remain the same. The shipments of the smartphone continue to grow. Apple is making sincere attempts to increase the sales of its smartphones with success. It has succeeded in enhancing the volume of sales successfully.

Samsung has not as of now provided figures on the number of devices sold but mobile analysts have estimated that it has sold about 63 million devices in the quarter. These potent sales figures come immediately after Apple shares fell by 12% in the USA on Thursday. There are fears that Apple is losing its edge in major smartphone markets in the world.