With the rising popularity of Samsung’s Galaxy and Note, the South Korean electronics giant, Samsung Electronics has posted a record net profit for the fourth quarter at US$6.6 billion. Net profit was up by 76 percent from the previous year.
The South Korean IT giant, Samsung, world’s largest maker of mobile phones, TVs and computer-memory chips, is one of the most aggressive spenders of the tech industry is now forced to keep a lid on spending.
Samsung Electronics and Apple Inc. together make more than half the world’s smartphones. However, Samsung’s memory chip business contributed $1.3 billion in operating profits, a 39 percent quarterly increase.
Huawei’s rise may have broader implications, can Samsung and Apple defend their dominance in the global smartphone market? Please share your opinion below.
Based on the latest research — For the very first time China’s Huawei Technologies Co. coming third in terms of market share.
- Samsung’s global smartphone market share in the 4th quarter was up to 29% from 22.5% a year earlier.
- Apple’s global smartphone market share has dropped to 21.8% from 23%.
- Huawei Technologies Co. Ltd’s global smartphone market share was up to 4.9% from 3.5%
- Sony Corp share was up to 4.5% from 3.9%
- ZTE Corp. came 5th with 4.3%.
A Senior Research Analyst with IDC’s Mobile Devices Technology and Trends team, Ramon Llamas suggested, “The fact that Huawei and ZTE now find themselves among the Top 5 smartphone vendors marks a significant shift for the global market,”