Samsung Q1 results have it return to the throne as the smartphone king
Samsung hasn’t had the best couple of years when it comes to quarter results. The company not only disappointed when it came to smartphone sales, but the drop was significant enough to have Apple defeat it in smartphone sales, even with a much smaller product portfolio. Samsung’s results for Q1 are in shedding some interesting improvements, even if these happened before the Galaxy S6 and Galaxy S6 Edge were launched.
Samsung was able to make $5.6 billion in profit for the quarter, which is good, but even more interesting is that it owns 24.1% of the global smartphone shipments for the quarter, compared to Apple’s 17.7% of smartphone shipments. Just to give you an idea, out of the 345 million smartphones sold in the quarter, 83.2 million were Samsung’s, 61.2 million were Apple’s, Lenovo owned 18.8 million, Huawei 17.3 million, and the rest fall in the “other” category.
It’s hard to predict if the Galaxy Note 4 was responsible for this growth, but it could also be that Samsung dropped the price of the existing Galaxy S5 before it announced its new flagship.
Let’s see how Q2 performs with Samsung’s next big thing already in the market.