Samsung is struggling in countries such as China because "they're sort of being eaten from the bottom up by regional players" including Huawei and Xiaomi, said Ben Bajaran, an analyst at Silicon Valley research firm Creative Strategies. Profit sank 27 percent to 5.3 trillion won ($4.9 billion). [...] September, Apple lacked one thing that Samsung and other phone-makers had: a supersized smartphone screen. In its earnings conference call, Samsung estimated that its worldwide smartphone sales during the quarter were between 72.2 million units and 75.1 million units, confirming analysts' forecasts that Apple has clawed back Samsung's lead if not overtaken it. Samsung's fourth quarter profit was a moderate improvement from the previous quarter's 4.2 trillion won and higher than analysts' forecasts of 4.4 trillion won, according to financial data provider FactSet. The company's fourth-quarter net income beat forecasts mainly thanks to the solid performance of its component businesses, such as memory chips and display panels.
Battle Of The Big Phones: Samsung Down In China, Apple Gains
By YOUKYUNG LEE, AP Technology Writer, Seattle Post-Intelligencer: Business
Wed, 01/28/2015 - 10:40pm
BING NEWS:
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There were 289.4 million units shipped in the period, according to IDC's Worldwide Quarterly Mobile Phone Tracker.
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Apple, once the dominant player in the smartphone market, is now the third most popular brand on the mainland.
04/23/2024 - 9:51 am | View Link - Samsung Takes Smartphone Crown From Apple — But It’s the Chinese Brands Who Are Winning
While Apple and Samsung fight for the ‘smartphone crown,’ two Chinese brands — Xiaomi and Transsion — are seeing stunning growth.
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Estimates indicate that Android will grow significantly compared to Apple's competitor, with competition in the mobile market getting fiercer ...
04/16/2024 - 4:30 am | View Link - More
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