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. SEOUL: Better-than-expected demand for Samsung Electronics ' new Galaxy Note 7 is causing supply constraints globally, the South Korean tech giant said on Wednesday, suggesting strong initial sales for the new premium smartphone.While robust demand could help deliver another solid quarter of earnings, Samsung also risks missing out on potential sales if it cannot boost supply quickly. Rivals such as Apple are poised to launch new phones which could pull customers away from Samsung if a shortage persists. It gave no further details.A person familiar with the matter told Reuters there was no production issue for the curved screens used on the Galaxy Note 7 and that the shortage would not be a long-term problem. Some analysts raised their profit forecasts for Samsung after the phone received favourable reviews.

Source: Times of India August 24, 2016 05:03 UTC