Soaring Samsung smartphones sales has increases the profits of Samsung to a great extent. The company stated that with more new model of smartphones coming in the market, the rate of soaring Samsung smartphones sales would increase more and the financial condition of the company would prosper. Market analyst estimated that Samsung's telecom division attained two mileposts all through the January-to-March period, leaving behind Nokia Corp. as the world's top seller of cell phones and passing through Apple Inc. again as the top seller of smartphones. Previous year, Samsung quit revealing particular figures on cell phone sales. Despite that fact an executive recently stated that first-quarter shipments fell by a "low single digit" percentage point from the preceding three months of 2011, while analysts calculated Samsung sent 95 million units. Generally, the ending quarter of the year is the most valuable for obtaining soaring Samsung smartphones sales.
The Finnish handset maker Nokia that has been struggling a lot as it is losing market share to Samsung, Apple and many other Smartphone manufacturers at a fast rate. They are doing this by making use of GoogleInc.'s Android operating system. As per the Strategy Analytics, it has lost its 14-year glory being the world's largest handset maker. This company has been facing a lot of financial crisis in recent times due to its decreasing amount of sales. Demand for its handsets in the market has several competitions. Its popularity is now reduced to a great extent that is one of the reasons for the decrease in sales.
It was estimated by the market research company that Samsung shipped about 44.5 million smartphones, quite more than the 35 million smartphones Apple shipped recently.
together as per Strategy Analytics. As a large amount of revenue and profit margins are acquired by soaring Samsung smartphones sales than regular cell phones, Samsung's telecom unit almost doubled its revenue and just about tripled its functioning profit as compared to a year ago.
Due to the soaring Samsung smartphones sales the company could overcome all the problems it had faced earlier and it profits were still reaching great heights. Sales and operating profit fell in the chip unit because of a quick drop in memory-chip prices in addition to on the whole lower output as Samsung retrofitted factories.