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Samsung outstrips iPhone sales to ring up record profit
The Guardian ^ | Friday 27 April 2012 04.28 EDT | Associated Press

Posted on 04/29/2012 7:34:53 AM PDT by SmokingJoe

A surge in Galaxy smartphone sales fuelled earnings at Samsung Electronics to a record high in the first quarter, usually a tough season for the global consumer electronics industry, outshining handset rivals such as Nokia.

Samsung sold more smartphones in the first three months of the year than Apple and raked in more than 70% of its operating profit from mobile businesses. Shares in Samsung shot up nearly 3%.

Net profit nearly doubled from a year earlier to a record 5.05 trillion won (£2.75bn) for the quarter to 31 March.

Operating profit also hit a record high, at 5.85 trillion won, which was in line with expectations. Sales rose 22% from a year earlier to 45.3tn won.

Strong demand for high-end smartphones, such as the Galaxy Note and the Galaxy S2 introduced last year, helped mask lower profit from memory chips, another Samsung flagship business.

"It was a shock for semiconductor, a surprise for handset," said Lee Ka-keun, a Seoul-based analyst at Hana Daetoo Securities.

The Suwon, Korea-based company expects to outdo its record profit in the coming quarters. It will announce a new version of the Galaxy phone next week and global demand for personal computers is picking up, bringing more cash to memory chip-makers.

-------------------

Samsung's mobile communications division, which includes smartphones, pocketed 4.27tn won of operating profit in the quarter after seeing significant sales growth of high-end smartphones in developing markets including China, a key battlefield for mobile phone makers.

After narrowly beating Apple last year, Samsung's smartphone sales exceeded Apple's by a large margin in the first quarter. Strategy Analytics said Samsung became the world's top smartphone maker, selling 44.5m handsets in the January-March period, followed by Apple's 35.1m.

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Business/Economy; Government; News/Current Events; Technical
KEYWORDS: apple; galaxy; iphone; samsung
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To: discostu

BUY AMERICAN


41 posted on 04/29/2012 2:16:06 PM PDT by Cringing Negativism Network (Obama ate his own dog as a child in Indonesia??)
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To: SamAdams76

In your world little real work will be done. Just people tripping on themselves, dicking around on pad devices bouncing oh so valuable information around. Like telling their microwave to start cooking that turkey loaf TV dinner. Meanwhile the Chinas and Brazils will be creating tangible items of value such as food, mined minerals and manufactured items. Who wins in this scenario?


42 posted on 04/29/2012 2:16:52 PM PDT by dennisw
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To: discostu

You are boring, go learn Mandarin along with your children so you can bow properly to your new overlords


43 posted on 04/29/2012 2:18:53 PM PDT by dennisw
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To: dennisw
I like my iPhone 4 but if they don't increase the size of the screen on the iPhone 5 I will be looking else where.
44 posted on 04/29/2012 2:39:08 PM PDT by kempo
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To: discostu
And, BTW, they didn’t invent @#%^, they’re just really good at putting a pretty face on a product somebody else invented. Depending on how you define it smartphones existed for anywhere from 10 to 15 years before the iPhone made em look purty.

I did not "lie" about what you said. I quoted you verbatim. You implied they invent nothing. I correct your lie with facts. In fact, Apple NEVER claimed to have invented the smartphone. They said they "re-invented" it.

The 1984 Psion has the same relationship to the PDA as the horse and buggy has to a model T automobile. One line display, no touch screen, applications on cartridges at high cost, it lacked a clock and calendar... It was, at most a 4k memory note book... With limited special purpose modules and one that could be user programmed for simple calculations.

45 posted on 04/29/2012 2:53:55 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

This was your LIE: and there is a WORLD of differences between the designs and if you can’t see the differences you are being deliberately obtuse!

I never said ANYTHING about there not being differences, you saying that I did is you LYING, which is what you always do.

The Psion was the first PDA. Those are the facts, Newton was NOT first. Yes Newtons had more features, but that just makes it another example of exactly what I said, Apple taking an existing gadget (the PDA) and adding widgets (like a calendar) and then the lying fanboys insist Apple was first. They weren’t, Psion was first, by 8 years.


46 posted on 04/29/2012 3:00:26 PM PDT by discostu (I did it 35 minutes ago)
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To: dennisw
In your world little real work will be done. Just people tripping on themselves, dicking around on pad devices bouncing oh so valuable information around.

Not sure I agree with you there. My company is in process of rolling out tablets to to all field employees and building apps that will deliver information specific to their tasks.

For example, a service ticket comes in to repair a particular piece of equipment in the field. The technician gets a message on his tablet with the model, the customer information and the address. By tapping the address, a GPS app will open up, determine where the technician is currently and map out the most efficient route. Along the way, technical manuals and parts catalogs specific to that model are being downloaded to the tablet as well as all technical bulletins for that model and suggested fixed from our solution database.

Tech arrives on site and has all information necessary to make the repair efficiently on the tablet device. Meanwhile, invoice for the customer is being generated on the fly and is ready for the customer to sign by the time his toolbag is closed. If tech needs a part, he can order it from customer location and also see national inventory of that item so that if a technician across town has it in his truck, we can dispatch the call to him so that the job can be finished same day.

Possibilities are endless. I was at the doctor's recently and the doctor came into the room as my information was downloading to his tablet. It's a whole new world out there. Not all people are using tablets to text each other and watch YouTube videos like you seem to think.

47 posted on 04/29/2012 3:03:01 PM PDT by SamAdams76 (I am 20 days away from outliving Phil Hartman)
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To: discostu
The Psion was the first PDA. Those are the facts, Newton was NOT first. Yes Newtons had more features, but that just makes it another example of exactly what I said, Apple taking an existing gadget (the PDA) and adding widgets (like a calendar) and then the lying fanboys insist Apple was first. They weren’t, Psion was first, by 8 years.

The psion was NOT a Personal Digital Assistant. It was a limited purpose hand held computer with a single line passive screen and an awkward user interface. Just because YOU and other Apple trolls want to call it such when it lacked basic organizer applications like a clock, calendar, reminders, and basically had just a limited address and phone number list with a small note pad capability with a 4K memory limit and was called a "pocket organizer" it was by NO MEANS anything like a fully capable computer! It was more a glorified calculator. I had a digital watch that had many of those capabilities by the end of the 80s but IT wasn't a PDA either. . . And it DID have a clock and calendar!

If you want to stretch fact like that to include the Psion, then the TRUE first PDA was a spiral bound 2" x 4" note book and a pencil my father carried in his shirt pocket for fourty years. He kept his appointments, his addresses and phone numbers, a collection of poems, some drawings and plans for inventions ( a couple he patented!), important dates, thoughts(!), notes, reminders, and a host of other things in that notebook/PDA. He's been dead since 1995 but I still have that PDA and there are no batteries to run down and the pencil doesn't even need sharpening; he upgraded to a mechanical one sometime in 1991! But the erasure mechanism leaves a lot to be desired. . . it leaves smudge ghosts now. . . easily read remnants of what was erased. Best of all, it has far more than 4K of capacity! My dad, though, before he died, was getting close to using what capacity it had...

48 posted on 04/29/2012 3:31:37 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

It WAS a PDA. Sure it wasn’t a PDA with a touch screen but it WAS a PDA, and it WAS the first, and trying to say it isn’t is just more of you LYING.

It didn’t have to be a fully capable computer. to be the first PDA something only has to be a Personal Digital Assistant, and that IS what a pocket organizer is.

The only anybody doing any stretching is you. Trying to find some way to make Apple first. They weren’t, they never are. Those are the facts. And none of your pathetic lies change the facts.

Oh and spiral bound notebooks aren’t digital, and one would have to be a deliberately obtuse liar to say it was.


49 posted on 04/29/2012 3:47:35 PM PDT by discostu (I did it 35 minutes ago)
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To: discostu
It WAS a PDA. Sure it wasn’t a PDA with a touch screen but it WAS a PDA, and it WAS the first, and trying to say it isn’t is just more of you LYING.

It was a business oriented ADDRESS BOOK, with calculator capabilities, nothing more! Without a calendar, or a reminder system, it cannot be consider to be a "personal assistant" device. there were other similar devices. It's ONLY claim to fame was its portability. . . within a year, there were a lot of portable organizers, some smaller. They were not anything like what Apple made with the Newton. . . a programable device with a touch screen that you could interface with with learnable handwriting! A "personal" digital assistant that had the capability to REMIND you of something in real time, or to warn you about an upcoming event

50 posted on 04/29/2012 3:58:10 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

It was 1984 man. There’s only so much that could be done with a piece of computing the size of a deck of cards. They did it. It was a PDA. Not a fancy PDA, not a touch screen PDA, but it was still a PDA. Apple, like always, WAS NOT FIRST.


51 posted on 04/29/2012 5:30:26 PM PDT by discostu (I did it 35 minutes ago)
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To: Swordmaker

[singing] People that you meet, along the street, are using Samsung...


52 posted on 04/29/2012 5:49:38 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: Gator113
ANOTHER QUESTION: Am I going to hate myself for not waiting for the iPhone-5 that ‘could’ come out this summer?????

The biggest, all but certain, feature of the next iPhone will be LTE 4G, because the new iPad has it. That's the main reason I'm sticking with the iPhone 4, not even considering the 4S. LTE is going to give you much faster data, faster than most DSL and some cable modems, if you happen to be someplace that has 4G service. It's also going to burn through that monthly data cap a lot faster.

Other than that, you can pretty much count on a faster processor, faster graphics, more memory and an improved camera. I would be surprised if there's anything as big in the next iPhone as Siri was in the current one.

53 posted on 04/29/2012 7:13:12 PM PDT by ReignOfError
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To: Eva
The real reason for this is that the Obama administration worked to hold down ATT by denying the buy out of T-Mobile.

Best decision the 0bozo regime ever made was to effectively stop the crappy AT&T from taking over T-Mobile. I love my service and the very good rates I get from T-Mobile. The last thing I need is for AT&T to take over T-Mobile and ruin it. And I am speaking as a guy that used to have AT&T several years ago. I managed to escape from their clutches. Never again!

54 posted on 04/29/2012 7:22:21 PM PDT by SmokingJoe
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To: discostu
Usually what they are is the first one to make gadget Y popular and profitable.

By being the first to make it useful.

I simply pointed out that smartphones existed at least a decade before the iPhone so saying Apple invented the market is simply, oh lets use your words, deliberately obtuse.

The market for smartphones before the iPhone was limited to a tiny market of geeks, and I say that as someone who owned three Treos. You could say the same thing about digital music players before the iPod and tablets before the iPad.

With the iPod, the iPhone and the iPad, before Apple's product came out, nothing on the market looked or worked like it; within a year, every product on the market looked and worked like it (or was trying to). That might not constitute a giant technological leap, but it's certainly creating a market.

55 posted on 04/29/2012 7:27:00 PM PDT by ReignOfError
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To: Swordmaker
Denial ain't just a river in Egypt.
Hey, didn't you try to deny that overall Android cell phone sales had overtaken iPhone sales when that phenomenon started as well?
56 posted on 04/29/2012 7:27:42 PM PDT by SmokingJoe
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To: the invisib1e hand
just to keep things real: what might be a “record” profit for samsung isn't necessarily in the same league as one for Apple

Record profits fr Samsung are record profits for Samsung. It has nothing to do with record profits for IBM, or Apple or whoever. You need to try a bit harder mate.

And even then we'll still have to acknowledge that Samsung’s (and everyone else’s profits) were made possible by Apple's effective innovation”

Apple neither invented the cell phone, or touch screens or the smart phone. In fact if anything, it is Apple who's profits have been made possible by the people who invented the cell phone in the first place:
http://articles.cnn.com/2010-07-09/tech/cooper.cell.phone.inventor_1_car-phone-cell-phone-building-phones?_s=PM:TECH

57 posted on 04/29/2012 7:33:41 PM PDT by SmokingJoe
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To: ReignOfError

Not necessarily. Plenty of times the competition was more useful, but they didn’t have the market penetration. Apple is really good at making sure the faithful know about the new stuff.

The smartphone market is still actually pretty small and still actually dominated by gadget geeks.

No that’s not creating a market, that’s creating a style and having a bunch of competition that’s dumb enough to think that’s why Apple products sell. Notice their most successful competition AVOIDS looking like Apple products, because they’re smart enough to realize that’s a dead end, people that want stuff that looks like Apple want Apple, people who don’t want Apple don’t want Apple knockoffs either, they want something else. Probably, especially in the current market conditions, something that isn’t touchscreen, OK that might just be my bias talking as I absolutely loathe touchscreens. But really a lot of the successful competition in the smartphone market is avoiding the touchscreen, so maybe it isn’t just me.


58 posted on 04/29/2012 7:35:49 PM PDT by discostu (I did it 35 minutes ago)
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To: ReignOfError

Wish me luck and no regrets..... not more than 30 minutes ago I went ahead and ordered the iPone 4S... it will be here Tuesday.

I got to try out the Siri on my daughters 4s tonight.... I think that is going to work very well for me.


59 posted on 04/29/2012 7:37:15 PM PDT by Gator113 (***YOU GAVE it to Obama. I would have voted for NEWT.~Just livin' life, my way~)
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To: the invisib1e hand

You hoid it here: Apple was invented by Commies. CPUSA members. Gus Hall was around then, he must have been the “angel investor”, pardon the religious inference. And Apple didn’t invent shiite (didn’t even invent the word ‘shiite’ substituting for you know what word.)

But seriously. I don’t know any more whose products to use: Lenovo - Commies, Google - Commies (one of the two founders in fact arrived from the Commie land), Microsoft - Commies, shall I go on?

(Full disclosure: Apple products owned: 0.)


60 posted on 04/29/2012 7:45:07 PM PDT by Revolting cat! (Let us prey!)
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