“Rob Cihra at Evercore says Apple’s iPhone business may be growing at faster rate than Samsung’s smartphone business,” Jay Yarow reports for Business Insider. “In a note where Cihra ups his Apple price target, Cihra raises his Q2 iPhone estimate to 35 million units. If Apple hits that number, then sales would be up 12% on a year-over-year basis. That growth rate is slower than the overall smartphone market, but it’s better than Samsung. Cihra is estimating Samsung sells 81 million phones in Q2, which would only be a 6% bump on a year-over-year basis.”

“Samsung’s growth is being stung by weakening mid- and low-end phone sales, says Cihra,” Yarow reports. “Because it relies on Android, it doesn’t have anything other than its brand to differentiate itself. In emerging markets, people aren’t going to pay a big premium for the Samsung brand when they can get the exact same experience for less money.”

“Apple doesn’t face the same sort of problem. Apple is the only company that makes the iPhone running on iOS. It will never sell in the same volume as Samsung, or an Android phone maker, but it will still sell well,” Yarow reports. “At MWC, just about everyone at the booths for Chinese Android phone makers told us that people (in China at least) were willing to save their salaries for a month just to buy an iPhone. In this scenario, there is no true rival to Apple, which will allow it to continue to grow.”

Read more in the full article here.

MacDailyNews Take: Apple is the world’s most efficient customer thresher. Separating the wheat from the chaff for nearly 40 years.

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