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Smartphone market inches back to growth with Samsung holding lead


Samsung sales increase

Samsung maintained its lead as the dominant mobile-phone handset maker, helped by the release of new units, while Apple lost ground as consumers halted on purchases of iPhones.

The world’s largest smartphone vendor posted $5.2 billion in net profit during the latest quarter, up 1.7 percent year over year, as revenue increased 5 percent to $45.2 billion.

In fact, it was more than it has been estimated, the forecast has been reviewed upward in recent months in order to mirror more-than-expected sales of the new phones.

The smartphone market is showing signs of growth again, but barely, with shipments up almost 1 percent year-on-year in the second quarter, according to Strategy Analytics.

Though some investors say Samsung’s profit may have peaked in April-June, signs of recovery in memory chip and display panel prices suggest the components businesses could buttress earnings in the second half.

“Samsung will also focus on expanding smartphone sales including this year’s new Galaxy A and J series and the debut of the Galaxy C series exclusively for the China market”, it said. It was the second straight quarter without growth, IDC said.

The Samsung results demonstrate the see-saw battle it has with its smartphone arch rival Apple.

Samsung’s mobile business reported 4.32 trillion won ($3.82 billion) in operating income during the three-month period, its best quarterly performance since the second quarter of 2014.

Profit from the smartphone business is expected to fall amid the projected fierce competition following the rollout of iPhone 7 scheduled for September.

Samsung Galaxy Note 7 is set to be released in a few days, and some of the pictures released show a dynamic, slimmer, mobile device, with all the elements of an exceptional tech gadget. Samsung plans to new Galaxy Note model in early August, but expectations for new model sales are now low.

Samsung introduced the first of its flagship Edge smartphone series, which features curved displays that wrap around two corners of the device.

Samsung said that the company expects to maintain solid sales through the third quarter with the launch of the Galaxy Note 7 which is a large size rather expensive gizmo. The healthy sale numbers of the smartphone counterbalanced a slip in profit in the company’s semiconductors and display panel business.

Smartphone market inches back to growth with Samsung holding lead


Samsung sales increase

Samsung maintained its lead as the dominant mobile-phone handset maker, helped by the release of new units, while Apple lost ground as consumers halted on purchases of iPhones.

The world’s largest smartphone vendor posted $5.2 billion in net profit during the latest quarter, up 1.7 percent year over year, as revenue increased 5 percent to $45.2 billion.

In fact, it was more than it has been estimated, the forecast has been reviewed upward in recent months in order to mirror more-than-expected sales of the new phones.

The smartphone market is showing signs of growth again, but barely, with shipments up almost 1 percent year-on-year in the second quarter, according to Strategy Analytics.

Though some investors say Samsung’s profit may have peaked in April-June, signs of recovery in memory chip and display panel prices suggest the components businesses could buttress earnings in the second half.

“Samsung will also focus on expanding smartphone sales including this year’s new Galaxy A and J series and the debut of the Galaxy C series exclusively for the China market”, it said. It was the second straight quarter without growth, IDC said.

The Samsung results demonstrate the see-saw battle it has with its smartphone arch rival Apple.

Samsung’s mobile business reported 4.32 trillion won ($3.82 billion) in operating income during the three-month period, its best quarterly performance since the second quarter of 2014.

Profit from the smartphone business is expected to fall amid the projected fierce competition following the rollout of iPhone 7 scheduled for September.

Samsung Galaxy Note 7 is set to be released in a few days, and some of the pictures released show a dynamic, slimmer, mobile device, with all the elements of an exceptional tech gadget. Samsung plans to new Galaxy Note model in early August, but expectations for new model sales are now low.

Samsung introduced the first of its flagship Edge smartphone series, which features curved displays that wrap around two corners of the device.

Samsung said that the company expects to maintain solid sales through the third quarter with the launch of the Galaxy Note 7 which is a large size rather expensive gizmo. The healthy sale numbers of the smartphone counterbalanced a slip in profit in the company’s semiconductors and display panel business.

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