Report: Apple Leads In Profits, Samsung Ranks Highest In Sales For Smartphones
Strategy Analytics, a company that compiles consumer survey data, has compiled information about Samsung and Apple regarding rankings in the smartphone market. Samsung was listed as the number one smartphone seller for the first quarter of the year based on revenue, higher than Apple.
Yonhap reported that Samsung beat Apple’s sales by hitting around $23.63 billion in smartphones sales for the first three months of 2013. Apple had higher sales in the quarter before that. For the first quarter of the year, Apple reported $22.95 billion in smartphone sales. Samsung’s smartphone sales skyrocketed up $952 million from the previous quarter.
In terms of the sales for other smartphone companies, Nokia was in third place with $3.64 billion and LG Electronics saw about $2.95 billion in sales.
Samsung sold around 12.5 million smartphones in China during the Q1 2013. One of the primary reasons why Samsung smartphones saw a spike is because the company saw a huge demand for long-term evolution network support.
Earlier this month, it was reported that the Samsung Galaxy S4 hit over 10 million unit sales in a month. As a result, the S4 was Samsung’s fastest selling smartphone. The Galaxy S3 took around 2 months to hit the same milestone.
Apple saw the largest operating income out of all the companies for the first quarter at a 31% share. Samsung is in second place with a 21.8% share. LG was at 4.1% and Sharp is at 3%. Samsung saw an operating profit of $7.9 billion and a net profit of $6.5 billion for the first quarter of 2013. Apple reported $9.5 billion in profit for the second quarter of 2013.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry