Samsung tops Apple to become the most profitable handset vendor in the world

Apple may still be the most profitable consumer electronics company in the world, but Samsung’s successful Galaxy S4 launch helped the South Korea-based giant top Apple in the second quarter to become the world’s most profitable handset vendor. Samsung on Friday posted second-quarter results that included a record operating profit of $6.9 billion on $51.7 billion in sales. Market research firm Strategy Analytics crunched some numbers to determine that Samsung’s results include $5.2 billion in operating profit from its handset division while Apple’s $9.2 billion pre-tax profit included an operating profit of $4.6 billion from its iPhone line. The result, as Strategy Analytics notes, is a changing of the guard. “We estimate Samsung’s operating profit for its handset division stood



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