Samsung extends lead in smartphone market, as Apple's share falls Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday. "While many investors remain upbeat about Samsung and Tencent, some caution the firms are vulnerable to rapid swings in sentiment on any sign of slowing momentum. Tencent is valued at $249 billion, only 4% smaller than the most valuable Asian firm, China Mobile , at $259 billion. Samsung is now worth $239 billion.Tencent is now the world's 12th-biggest company by market value and Samsung the 17th-largest, Thomson Reuters data shows. HSBC expects further earnings growth, driven by new income streams such as advertising, premium content, cloud services and finance.

Source: Times of India August 24, 2016 06:22 UTC