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. Samsung smartphones sale shines, as Apple feels the pinch Samsung, the world's largest smartphone maker, said its April-June net income rose 2% over a year earlier to 5.85 trillion won ($5.17 billion), compared with 5.75 trillion won a year earlier. Samsung Electronics plans to launch a program to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters.The South Korean technology firm is looking for ways to sustain earnings momentum after reviving its mobile profits by restructuring its product line-up. Some market experts expect the used market to grow fast as there are fewer technology breakthroughs. At US carrier Verizon Communications , the Galaxy S7 edge with 32-gigabyte storage retails for $792 without subsidies, while the Note 7 costs $864.The program could help Samsung defend market share in emerging countries by bolstering mid-tier sales.

Source: Times of India August 22, 2016 09:37 UTC