Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
Samsung's quarterly results are in, and they are both fantastic and terrible at the same time. On the one hand, Sammy has now retaken the top spot for total smartphones sold. On the other hand, their profits declined again.
Here's how those results breakdown:
- Samsung held 24.1% of global smartphone shipments in Q1 2015, while Apple dropped to 17.7%.
- Out of 345 million total units shipped, 83.2 million were from Samsung. Apple shipped 61.2 million, Lenovo-Motorola shipped 18.8 million, and Huawei shipped 17.3 million, while the rest where in the "others" category.
- The best part of this news is that it occurred before the Galaxy S6 and S6 Edge even shipped, so those numbers should be even better later this year.
- Samsung's first quarter profits fell 39%. This is a drop from $7.8 billion in the same quarter a year ago to $4.35 billion.
- Specifically, the year over year profits from Samsung’s mobile unit dropped by over 50%. This was a precipitous fall from 6.43 trillion won to 2.74 trillion won, (a $3.4 billion decrease).
- Samsung's primary competitor, Apple, had the opposite happen with a 40% increase in year over year profit for the same quarter.
- Apple's iPhones accounted for 89% of all smartphone profits for Q1 2015.