Samsung Electronics flagged on Tuesday better-than-expected profits for the first quarter, with rising demand for memory chips helping offset slumping smartphone sales. Sales would likely reach 47 trillion won, down 12.4 percent from a year ago, Samsung said in its quarterly earnings estimate, which came days ahead of the much-anticipated launch of its latest flagship smartphone, the Galaxy S6. Samsung hopes the new model will re-establish it as the clear global smartphone market leader over arch-rival Apple, which has enjoyed booming sales of its iPhone 6. Several market trackers had Apple and Samsung tied in worldwide smartphone sales in the fourth quarter of 2014, while at least one suggested Apple had regained the throne it lost to Samsung back in 2011.
via Tech News Headlines - Yahoo News http://ift.tt/1CNhWkx
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