Samsung smashes Apple as smartphone explosion continues in Q2

High-end smartphone sales growth might be slowing, but that didn’t stop the global smartphone market from growing 52.3% on-year in the second quarter. IDC on Thursday night issued its Q2 2013 shipment estimates following the release of Samsung’s audited second-quarter results, which showed that the company earned a record $6.9 billion in profit on revenue that reached $51.7 billion. The firm estimates that Samsung shipped 72.4 million smartphones last quarter, good for 30.4% of the global market. While those shipment figures mark a new record for Samsung, its market share slid from 32.2% in the second quarter last year as smaller vendors LG, Lenovo and ZTE each gained market share. Apple was still the No.2 smartphone vendor by volume in



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