28 Jul '16, 1pm

Samsung Smartphones Gain, as iPhones Slip

Samsung Smartphones Gain, as iPhones Slip

TAIPEI — Samsung Electronics, the world’s largest maker of smartphones and the second-largest chipmaker, today said its handset business improved just as iPhone maker Apple recorded its second quarterly decline in shipments. South Korea’s largest company, which makes electronics products ranging from chips to refrigerators, said in a statement that its second-quarter profit this year grew, led by expanded sales of smartphones such as the Galaxy S7 and S7 Edge. Just a day earlier, Apple said that during its fiscal 2016 third quarter ended June 25, iPhone shipments fell to 40.4 million units from 47.5 million units in the same period a year ago. Samsung shipped about 72 million smartphones in the second quarter this year, according to The Korea Herald , citing Samsung executives speaking on a conference call to announce the company’s financial results. Apple topped Samsung i...

Full article: http://www.eetimes.com/document.asp?doc_id=1330225

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