“Apple has fallen off the profit throne,” Ryan Knutson reports for The Wall Street Journal. “Last quarter, Samsung Electronics made more money selling handsets than Apple for the first time, according to a report by Strategy Analytics. Samsung’s operating profit for handsets was an estimated $5.2 billion in the second quarter of 2013, according to the report. Apple, meanwhile, had an estimated operating profit of $4.6 billion.”
Knutson reports, “Apple also lost global market share while Samsung made gains. Apple’s share fell to 13.6% from 16.6%, the lowest it has been in three years. Samsung, meanwhile notched a 33.1% global market share, up from 31.1% last year, according to the report.”
“Apple’s smartphone shipments grew just 20% in the second quarter, well below the industry average of 47%, according to Strategy Analytics,” Knutson reports. “Samsung shipped a record 76 million smartphones, more than double Apple’s 31.2 million. Samsung was boosted by sales in China of its Galaxy S4 model, the report said. Apple has said it plans to make the iPhone 4 ‘more attractive’ in China, where the company recently saw sales slow.”
Read more in the full article here.
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