Date
20 November 2017
Apple reported a profit of US$18 billion for the quarter ended Dec. 27, the biggest ever reported by a public company. Photo: Bloomberg
Apple reported a profit of US$18 billion for the quarter ended Dec. 27, the biggest ever reported by a public company. Photo: Bloomberg

Apple edges out Samsung in global smartphone sales

Apple Inc. sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co. Ltd. for the first time since 2011, according to research firm Gartner.

Apple sold 74.83 million smartphones to end users worldwide, ahead of the 73.03 million phones sold by Samsung, Reuters said, citing Gartner’s latest report.

The success of big-screen iPhone 6 and 6 Plus drove Apple’s sales in its first quarter ended Dec. 27.

The company reported a profit of US$18 billion for the period, the biggest ever reported by a public company, according to S&P analyst Howard Silverblatt.

Apple’s smartphones sales jumped about 49 percent in the fourth quarter, while Samsung posted a drop of nearly 12 percent.

In January, Samsung reported its fifth consecutive quarter of earnings decline in the mobile division.

“Samsung continues to struggle to control its falling smartphone share, which was at its highest in the third quarter of 2013,” said Anshul Gupta, principal research analyst at Gartner.

Besides losing market share to the costlier iPhones, the Korean company has been battling low-cost Chinese vendors such as Xiaomi and Huawei, the news agency said.

– Contact us at [email protected]

RA/CG

EJI Weekly Newsletter

Please click here to unsubscribe