Samsung more profitable than Apple

Samsung’s second quarter performance may have disappointed analysts, but it did enough to become the world’s most profitable vendor during the quarter.
 
Analysts with Strategy Analytics say Samsung took the honors from Apple in 2Q, with an estimated profit of $5.2 billion (€3.9 billion) at its handset business, compared to $4.6 billion operating profit for Apple’s iPhone. The US vendor was hit by lower than expected sales of the iPhone 5, and a ramp in competition in China, says Neil Mawston, executive director at Strategy Analytics
 
“Samsung is performing well in the US market, while Huawei, ZTE and other local brands are growing vigorously in China.”
 
Senior analyst Neil Shah says Samsung’s success lies in “strong volumes, high wholesale prices and tight cost controls.”