Samsung's profit from mobile plunges over 50% as it recaptures title of world's top smartphone maker


Samsung Electronics Co. said its first quarter net profit plunged 39 percent as consumers switched to bigger iPhones, squeezing earnings from its mobile business to less than half what they were a year earlier.
Apple on Tuesday reported that it sold 61 million iPhones in the first three months of the year, an increase of 40-percent from a year earlier, which drove another quarter of blow-out profits.

Associated Press | New York Times


Samsung Electronics Co Ltd overtook Apple Inc to recapture the title of world's top smartphone maker by volume in the first quarter of 2015, research firm Strategy Analytics said on Wednesday.

Reuters | Stephen Coates