South Korean giant Samsung Electronics on October 21, 2013 surpassed Apple's operating profit share. The leading research institute Strategy Analytics stated that, despite shipping the largest amount of mobile devices on a global scale, Samsung has been in the second spot, behind Apple when it comes to operating profits.
Samsung is currently selling a variety of products, which range from high-end to low-end, while the US-based tech giant Apple mainly focuses on a premium strategy, which was changed in September 2013 when the company decided to release its low-budget iPhone 5C.
When it comes to global mobile makers, Samsung has accounted for 48.8 percent of operating profits during the second quarter of 2013. In 2011, Apple took up 61.6 percent of operating profits and Samsung took only 19.1 percent. A market analyst – who refused to be named – said that Samsung’s recent catch-up might be attributed to the increased sales of the high-end Galaxy S lineup, while Apple's handsets experienced a downfall in sales.
After Samsung, the next in line are LG and Sony, which took up about 0.5 percent of the percentage profits. Samsung is expected to release its earnings report on Friday, October 25, 2013, while Apple will release its own report on Monday, October 28, 2013.
Photo Credits: SB Nation