In the second quarter of 2012, Samsung sold 50.5 million smartphones — twice as many as Apple — which sees the company extend its sales lead ahead of the iPhone.
Reuters reports that Samsung’s financial review has seen it record a quarterly profit of $US5.9 billion, helped along in no small part by its strong phone sales. In total, Samsung takes 34.6 per cent of the global smartphone market, while Apple can only manage 17.8 per cent.
But it’s not all good news. While its phone sales continue to amaze, Samsung’s semiconductor business has seen a six per cent decline in profit. The company blames weak demand for PC DRAM chips and falling prices for NAND flash used in SSDs. But, in fairness, it doesn’t need to worry too much — Samsung remains the world’s top technology firm by revenue. [Reuters, Samsung]