The following is an excerpt from Kukil Bora | July 28, 2012 | ibtimes.com |
In the wake of the release of Samsung’s healthy financial results for the second quarter of 2012, the research firm IDC brought out a new report saying that the South Korean tech giant’s smartphone division is considerably ahead of its arch rival Apple and the rest of the competition.
While Samsung’s Q2 smartphone shipments stood at 50.2 million units, Apple’s figures were almost half the way down at 26 million units during the same period of time. According to the report, Samsung’s smartphone shipments grew 172.8 percent year-over-year, allowing the company to gain an industry-leading 32.6 percent market share, which was nearly double that of Apple (16.9 percent).
However, as The Verge noted, shipments and sales are two separate things. While Apple shipped 26 million iPhones in the second quarter, it claimed to have sold 35.1 million iPhones during the same quarter. “The discrepancy is likely due to leftover inventory from previous months.”
“Samsung and Apple have quickly become the global smartphone heavyweights though both employ somewhat different approaches to the market,” said Kevin Restivo, senior research analyst with IDC’s Worldwide Quarterly Mobile Phone Tracker.
To read more visit: ibtimes.com