Summary Box: Smartphones fuel Samsung profit

Associated Press Published: April 27, 2012
Advertisement
;

GALAXY: A surge in Galaxy smartphone sales fueled earnings at Samsung Electronics to a record high in the first quarter, usually a tough season for the global consumer electronics industry.

COMPETITON: Samsung sold more smartphones in the first three months of the year than Apple Inc., which makes the popular iPhone.

CONTEXT: Once regarded as a laggard in smartphones, Samsung has taken on Apple with Google Inc.'s Android operating system. Samsung's rise came largely at the expense of Nokia. The Finish handset giant, which had been the world's biggest handset maker since 1998, now reportedly trails Samsung in shipments.


Trending Now


AROUND THE WEB

  1. 1
    CDC: U.S. has first confirmed case of Ebola in Dallas
  2. 2
    Netflix to shake up movies with 'Crouching Tiger 2'
  3. 3
    Donald Trump Tricked Into Retweeting Serial Killer Pic
  4. 4
    'Transparent' on Amazon Prime, reviewed: It’s the fall’s best new show.
  5. 5
    Brits Unwittingly Give Up Firstborns for Free WiFi
+ show more