News Summary

• On the quarter, though, Samsung's mobile devices business reported a 3.51 trillion won ($2.5 billion) operating profit in the first quarter on April 30 in this expanding smartphone market.
• One, the S24 launched a month earlier in the quarter than its predecessor, with the company shipping 35% more devices in the quarter than in the previous year.
• There are worries about iPhone sales in the quarter from other sources, and the drum is beating from multiple angles that Apple may have a hard quarter.
• The good news for the entire market is that worldwide smartphone sales grew 10% year-over-year mostly because of emerging market expansion, hitting over 296 million units on the quarter.
• Given the fact that the Samsung sales increase quarter-over-quarter is effectively linear given more time to sell the device in the quarter, it's not clear if that assessment is accurate or not, though.
• Apple's sales data trajectory for 2023-2024 most closely resembles the 2020-2021 data, but with a higher more recent peak during the holiday quarter.