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Samsung Q1 net profit hits $7.3 billion, smartphone income dips

Samsung's smartphone market share fell to 31.2 per cent

Seoul: Samsung Electronics Co Ltd's smartphone shipments rose 28 per cent to 89 million units in the first quarter, but the world's top handset maker lost market share to Chinese and other rivals, stated research firm Strategy Analytics on Tuesday.

Samsung's smartphone market share fell to 31.2 percent from 32.4 per cent a year ago, followed by Apple Inc which dropped to 15.3 per cent from 17.5 percent, Strategy Analytics said.

China's Huawei Technologies had 4.7 per cent market share, unchanged from the previous year, while Lenovo Group Ltd boosted its share to 4.7 per cent from 3.9 per cent.

( Source : reuters )
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