Consumer Electronics
Galaxy S7 Surges as Apple iPhone 6 Falters
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Samsung announced its most recently quarterly results, and with them news that sales of its new Galaxy S7 have gotten off to a strong start. This contrasts with the weak sales of the iPhone 6 family, which have hurt Apple Inc. (NASDAQ: AAPL). If the trend continues as the smartphone sector becomes more crowded, Apple is in for another two or three poor quarters.
According to MarketWatch, analysts believe Samsung shipped 10 million to 11 million Galaxy S7 units. The model was only in the market for a portion of the quarter. Apple shipped 51.3 million iPhones, down 16% from the same quarter last year. The iPhone was available for the entire quarter.
Samsung’s smartphones bested iPhone sales by a large margin three years ago. The iPhone 6 family changed that. Apple can only reverse the trend in its favor again if the iPhone 7 is a smash hit, and even fans of the company have started to doubt that.
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