The South Korean firm, Samsung, reported that in the second quarter of 2012 it sold 50.5 million smartphones, which is twice as many as Apple, making it the world’s top technology firm by revenue.
Between April and June, Samsung reported a record operating profit of 6.72 Korean won ($5.86 billion), which is close to the company’s earlier estimates of 6.7 trillion won. This is up 79 percent from a year ago, in large part due to the high sales of smartphones.
According to Reuters, a report by research firm StrategyAnalytics shows that Samsung took 34.6 percent of the global smartphone market, while Apple settled with 17.8 percent of the market after selling 26 million iPhones in the June quarter. The 26 million iPhones shipped is lower than the 28-29 million that The Wall Street Journal had previously predicted.
Nokia takes the third spot with 7 percent market share, selling 10.2 million smartphones.