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Samsung Surges Past Apple in Smartphones, Upbeat on Q4 | Reuters

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#mobile #samsung #apple #business #consulting @callistecomm According to Hyunjoo Jin 2011, “Samsung Electronics Co overtook Apple Inc as the world’s top smartphone maker in the July-September period with a 44 percent jump in shipments, and forecast strong sales in the current quarter in a clear warning to its rivals.

Samsung (005930.KS) only entered the smartphone market in earnest last year, but its sales have skyrocketed thanks to a sleek production system that rapidly brings new products to market. Apple (AAPL.O) introduced its first iPhone in 2007.

“In the handset division, Samsung has no real rival models to challenge its products except for the iPhone 4S. Apple and Samsung will continue to dominate the market in the fourth quarter,” said Kim Hyun-joong, a fund manager at Midas Asset Management, which owns Samsung shares.” Read more > http://www.reuters.com/article/2011/10/28/us-samsung-idUSTRE79R0B620111028