Audio By Carbonatix
Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd (005930.KS) 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, according to Gartner's 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 $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, according to Gartner. In contrast, Samsung, the market dominator since 2011, recorded a nearly 12 percent fall.
In January, the company posted 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 (002502.SZ).
Samsung unveiled its new range of slim-bodied Galaxy S smartphones on Monday, made from aircraft-grade metal.
Latest Stories
-
Parliamentary Committee commends NPA for strengthening Ghana’s downstream petroleum sector
6 minutes -
Slow rollout, lack of jobs drag down ratings for 24-hour economy, Women’s Bank — Mussa Dankwah
6 minutes -
Police arrest two suspects over Abesewa forest guard shooting and forest destruction
7 minutes -
Germany promises security overhaul after deadly Berlin Pride attack
12 minutes -
World risks HIV resurgence as funding falls 18%, UNAIDS says
14 minutes -
Ghana Has a New Curriculum: Now it needs a new education compact
15 minutes -
Shot fired outside US Consulate in Toronto for second time this year
16 minutes -
AMA announces August National Sanitation Day exercise, orders temporary closure of businesses
32 minutes -
Access Bank Ghana strengthens ethical finance expertise with Malaysia executive study tour
49 minutes -
Tribunals: The return of terror – Prof Kwesi Yankah writes
1 hour -
Ukraine dismisses Iranian threats as Caspian Sea strike directly links wars
1 hour -
Prudential Bank MD advocates for relationship-centred banking at Banking Council meeting
1 hour -
Why Ghana’s geology conference could shape Africa’s next mining boom
1 hour -
East La Burma Valley Residents Association hands over relief items to Tse-Addo flood victims
1 hour -
Chelsea open talks to sign Brighton striker Welbeck
1 hour