Samsung profits up by 50%
Samsung reported its net operating profit of $7 billion for Q2 of 2013, up 50 percent from a year ago, primarily led by smartphone sales. According to the research firm Strategy Analytics, Samsung reached 76 million units during the quarter (up from 48.7 million last year). Samsung has also overtaken Apple as the most profitable smartphone maker.
Strategy Analytics noted that Samsung’s smartphone market share continued to grow in the last quarter, jumping to 33.1 percent from 31.1 percent a year ago, while Apple’s fell three points to 13.6 percent. Apple remains a solid No. 2 in the smartphone market, but its increasing gap with market leader Samsung could be a cause for concern down the line.
Image by Janitors.