tech2 News StaffAug 06, 2014 13:03:45 IST
Samsung has posted its worst quarterly earnings since 2012 and even lost its top positions in India as well as China, but in spite of the loses it still makes more money than most of the companies. In fact, a new report by Canadian investment firm Canaccord Genuity claims that only Apple and Samsung have been drawing cash off the smartphone business.
If you take a look at the above chart, it shows that Apple and Samsung together command 108% of all smartphone profits. It should be noted that the chart is for the second quarter of 2014, wherein Samsung has faced the losses. This means, in spite of beating Samsung on sales, many companies are either undergoing losses or just breaking even.
Though Xiaomi and Micromax have surpassed Samsung sales figures in China and India respectively, Samsung is making more money than both companies. In fact, in India, it still holds the top position for smartphone sales. The company now requires to restructure its pricing to make a comeback in the budget segment.
Now, this doesn't mean Samsung has nothing to worry about. Overall the company churns out a higher number of devices, while Apple's key ingredient has been the iPhone that has been driving its profits for years. If you look at Canaccord's last report, it shows that both companies shared 106 percent of profits combined - Apple at 65 percent and Samsung at 21 percent. This time around, the numbers haven't changed much, but there's a further decline in Samsung's numbers. The widening gap between Apple and Samsung, is something Samsung needs to narrow down instantly.
The company is now all set to release its trump card just in time for the iPhone 6 launch. In fact, it has started sending out invites for Note 4 launch on September 3. The company is calling the event ’Episode 2′ of Unpacked and it will be held in three cities namely, Berlin, Beijing, and New York.
One of the first rumours about the Note 4 earlier this year had pointed towards a 2k display, something we were expecting to see with the Galaxy S5. The report also mentioned water-proof abilities and a 20.1MP sensor for the Note 4.
One of the most consistent rumours is about Samsung’s use of a bent or flexible display in the Note 4. There are quite a few interesting new features in the Note 4, at least so far based on speculation, that could bring Samsung back into the game. Here’s all you need to know about the Galaxy Note 4.
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