In a world where a number of handset makers, such as RIM and Nokia, are facing abysmal circumstances, it would seem that Samsung is having an exceptionally good time. The Korean electronics maker is right at the heart of the smartphone market, with its Galaxy Note and Galaxy S smartphones having become a roaring success with Android users. According to estimates, Samsung is expected to close this quarter with a quarterly sale worth $40 billion!
These estimates are based on reports from analysts. The official figures will be available by April 27th when Samsung is expected to release its quarterly report. Operating profits of the company for this quarter are expected to reach as high as $5.15 billion and the total sales just reaching $40 billion.
Although compared to Apple, this doesn’t sound too grand, it really is a huge achievement on Samsung’s part. The smartphone market has grown fiercely competitive and only the best thrive. From the Android front, Samsung is the only company which can be called a significant rival to Apple, shipping millions of smartphones every quarter.
According to comScore’s reports, Samsung is leading the way, well ahead of Apple, with its share of 25.6 percent as having the most mobile OEMs board out in the market. Two products which gave Samsung’s sales a particular boast are Samsung’s flagship Galaxy smartphone and Samsung Galaxy Note. Galaxy Note has been a particular hit with a lot of people because of its hybrid nature, making it both a tablet and a smartphone. So far, Samsung has sold more than 5 million of Galaxy Note devices.
At the same time, Samsung has also maintained its position as a major component supplier for many companies, most notably Apple. Their rivalry and patent wars aside, Samsung furnishes some key components for both iPhone and iPad. This also grants Samsung a key position in the global mobile market.
Things may change for Samsung soon with the launch of Apple’s next iPhone and Samsung’s own Galaxy S III smartphone which is eagerly anticipated by the entire world.
Image courtesy cytech.