Similar Stories to Battle Of The Big Phones: Samsung Down In China, Apple Gains on Bing News

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.

Topics:  they   china   huawei   xiaomi   ben bajaran   silicon valley   creative   strategies   profit    september   factset   in   apple   samsung   won   forecasts   trillion   quarter   units   analysts   million   smartphone   
BING NEWS:
  • Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?
    Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
    05/3/2024 - 11:08 am | View Link
  • Apple’s iPhone Sales Plummets in China—But It’s Not as Bad as Everyone Thinks
    Apple (AAPL) reported the worst quarter of iPhone sales in China, its largest market outside the U.S., since the Covid-19 pandemic. iPhone sales, which make up for roughly half of Apple’s total ...
    05/3/2024 - 7:50 am | View Link
  • Apple Sales Fall as iPhone, China Businesses Remain Sluggish
    The iPhone maker authorized $110 billion in share buybacks and forecast a return to revenue growth in the current quarter.
    05/3/2024 - 12:15 am | View Link
  • Samsung has the smartphone sales top spot, but not because of AI or Apple weakness
    Samsung has taken the lead in smartphones sales in the first quarter of 2024 as it has for the last few years, but it's not really about AI nor Apple iPhone weakness.
    05/1/2024 - 3:03 am | View Link
  • Samsung retakes the top spot for phones shipped from Apple as another phone maker gains on them
    According to IDC, Samsung has overtaken Apple as the global leader in smartphone shipments. (It was only three months ago that Apple topped Samsung for the first time in global smartphone shipments.) ...
    04/16/2024 - 2:22 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News