Samsung takes a chunk out of Apple

Stat of the day: 44.5m. The number of Galaxy handsets Samsung sold in the first three months of the year, outstripping sales at Apple.

by
Last Updated: 09 Oct 2013
In the latest round of the smartphone battle, the Korea-based company sold 44.5m Galaxy smartphones in the first quarter, while Apple sold 35.1m iPhones.

Samsung’s sales were a 22% rise on the year before, and the surge in sales helped push earnings at Samsung Electronics to a record high. Net profit in the first quarter nearly doubled from the previous year to a record 5.05tn won (£2.76bn.) Operating profit also hit a record high, at 5.85tn won.

And Samsung expects to steal a march in the coming quarters. It’s introducing a new version of the Galaxy phone next week, while its memory chip business will benefit this year as global demand for personal computers is picking up. Could Seoul’s finest set its sights on Cupertino?

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