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Smartphones: Samsung Smokes Apple

 January 30, 2013 11:55 PM
 


Samsung capped an impressive year 2012 with record smartphone sales in the fourth quarter. The Korean company shipped 63.7 million smartphones during the holiday quarter, outselling its biggest rival Apple (AAPL) by more than 15 million units. Samsung's strong line-up of high-end and budget smartphones has helped the company to increase shipments by 76 percent over last year's fourth quarter.

Apple sold 47.8 million smartphones, cementing its status as the second largest vendor. With an increase of 29 percent, the Cupertino-based company saw the lowest relative growth among the top 5 vendors though, a testament to the stronger competition from company's such as Sony, Huawei and ZTE. The latter two, both Chinese manufacturers, entered the top 5 as the Chinese smartphone market continues to grow rapidly.

[Related -Apple Inc. (AAPL): How Q1 Earnings Will Fare?]

Overall, smartphone demand remains strong as overall shipments in the fourth quarter rose 36 percent to a total of 219 million units.

Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.

[Related -Apple Inc. (AAPL): iPhone Trending into Another Carl Icahn Disappointment?]

The post Smartphones: Samsung smokes Apple appeared first on Smarter Investing.

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