28 Oct '11, 2pm

Samsung overtakes Apple as top smartphone seller

SEOUL - Samsung Electronics overtook Apple as the world's top smartphone seller in the July-September period with a 44 per cent jump in shipments. Samsung only entered the smartphone market in earnest last year, but its sales have skyrocketed thanks to a sleek production system that rapidly brings new products to market. Apple introduced its first iPhone in 2007. Profits from the South Korean firm's telecoms division, announced on Friday, more than doubled from a year ago to a record 2.5 trillion won (S$2.8 billion) and accounted for 60 per cent of Samsung's total profit, offsetting a plunge in earnings from its bread-and-butter memory chips. Shipments of smartphones jumped 44 per cent from the preceding quarter to 27.8 million units, up nearly four times from a year ago, according to research firm Strategy Analytics. Apple's iPhone sales shrank by 16 per cent to 17.1 mill...

Full article: http://www.todayonline.com/Business/EDC111028-0000524/Sam...

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