Samsung Surges Past Apple in Smartphones

…Apple’s iPhone sales shrank by 16 percent to 17.1 million units in the third quarter. Samsung had 23.8 percent of the global smartphone market in the third quarter, 9 points higher than Apple. Samsung’s flagship Galaxy line of products is powered by Google’s (NasdaqGS:GOOGNews) Android software.

Apple sold fewer phones in the third quarter, missing street expectations for the first time in year, as customers held off buying iPhones…

…Samsung Electronics Co overtook Apple Inc as the world’s top smartphone maker in the July-September period with a 44 percent jump in shipments, and forecast strong sales in the current quarter in a clear warning to its rivals.

Samsung (:005930.KS) only entered the smartphone market in earnest last year, but its sales have skyrocketed thanks to a sleek production system that rapidly brings new products to market. Apple (NasdaqGS:AAPLNews) introduced its first iPhone in 2007…

FULL STORY: http://ca.finance.yahoo.com/news/Samsung-surges-past-Apple-reuters-4226602386.html?x=0http://ca.news.yahoo.com/samsung-surpasses-apple-smartphones-upbeat-q4-020413849.html

Questions or Comments?