Puddle Jumper
Mod Emeritus
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I. Samsung Outsells Apple 8-to-5 in Smartphones
The company announced a strong quarter on Thursday.
Leading the way was the company's telecommunications (phone) business, which reported selling 28 million smartphones in Q3 2011. That's four times what Samsung sold last year and it's 65 percent more smartphone units than arch-rival Apple, Inc. (AAPL) sold in the quarter.
Robert Yi, Vice President and Head of Investor Relations, cheered his company's success, stating, "Despite the difficult business environment due to the economic slowdown in developed markets, Samsung achieved a solid performance and recovered its double-digit operating profit margin in the quarter, driven by strong sales of our smartphones."
Source: DailyTech - Samsung Posts Massive Quarter, Sells 65 Percent More Phones Than Apple
To be fair some of that may be due to people waiting for a 4s but even then it is quite an accomplishment on Samsung's part. They also have a very promising line this quarter with the Galaxy Nexus, Galaxy Note, and several variations the the Galaxy S2 so they should be able to maintain at least some of that momentum.
Given Samsung's grown and the many advantages they have over all other smartphone manufacturers it's no wonder that Apple is trying to sue them out of the market.