Samsung Beats Apple As Profitable Phone Maker

Samsung has beaten Apple as the most profitable phone manufacturer as reported by a renowned market research firm. The report states that the operating profit for Samsung’s  handset division in the second quarter is close to $5.2 billion in comparison with $4.6 billion of Apple during the same period.  The report also states that Samsung’s shipment for phones has gone up by 4% to 386 million. Now almost 28% of total phones in the market are made by Samsung, which is obviously the number one beating Nokia with 15.8% and Apple with 8.1%.

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The time when Samsung is increasing its market share further, Apple’s share is shrinking. Its decrease in market share has been estimated as much as 14%, highest in last three years.  Samsung’s growing market is believed to be due to cheap android devices by Samsung, which are high in demand in several parts of the world, especially in Asia and Latin America.

Neil Mawston, the representative of the research firm that published this report, has been quoted as saying,  “The current iPhone portfolio is underperforming and Apple is at risk of being trapped in a pincer movement between rival 3-inch Android models at the low-end and 5-inch Android models at the high-end; With strong volumes, high wholesale prices and tight cost controls, Samsung has finally succeeded in becoming the handset industry’s largest and most profitable vendor,” .