“Samsung’s first quarter profits fell by 39% as mobile customers switched to the new big-screen iPhones,” Yeon Choul-Woong reports for The Korea Times.
“Earnings from the South Korean firm’s mobile business have been squeezed to less than half what they were a year earlier,” Yeon reports. “Until the launch of Apple’s iPhone 6 and 6 Plus, large screens were one of the features that set Samsung apart. But since the launch of Apple’s new device last autumn, Samsung has taken a hit.”
“Apple sold 61 million iPhones in the first three months of the year, an increase of 40% from a year earlier, which drove another quarter of big profits,” Yeon reports. “Sales of the iPhone have been growing in markets that Samsung typically dominates, such as in South Korea and Vietnam.”
Read more in the full article here.
MacDailyNews Take: As we wrote exactly one year ago, over four months before Apple unveiled the 4.7-inch iPhone 6 and the 5.5-inch flagship iPhone 6 Plus:
People are waking up; they don’t want pretend iPhones, they want real iPhones. An iPhone with a larger screen option will hurt Samsung immeasurably more than myriad, unending traipses through the legal morass.
[Thanks to MacDailyNews Reader “M J Miller” for the heads up.]