This week the U.S. Court of Appeals refused Samsung’s request to allow the company to continue to sell the Galaxy Tab 10.1 in the United States. Last week, Apple filed a temporary injunction to halt sales of the tablet, claiming Samsung copied one of Apple’s patent designs. However, the Court temporarily lifted the ban on selling the Galaxy Nexus pending Apple’s response. The smartphone is available again in the Google Play Store.
Profits Increase, but
Sales Come up Short
The news came as Samsung reported some highs and lows this
week. Samsung set a second-quarter profit record of $5.9 billion. The company’s
second-quarter operating profit increased 79 percent to 6.7 trillion. That beat
estimates of 6.58 trillion.
Sales of the Galaxy S III totaled about seven million units
through the end of June 2012. The number was lower than expectations. Samsung acknowledged
it encountered a shortage
of some equipment components, especially when the Samsung Galaxy III
went on sale in Europe in May 2012.
Samsung
did not provide net income or divisional earnings information. That information
is expected later this month.
Concluding Thoughts
Samsung still remains Apple’s largest threat. At this time,
analysts do not expect any final court ruling(s) to significantly impact
Samsung. The company has ways to go before it reaches Apple’s numbers. Apple
sold 16.3 million iPads from January through March 2012, giving the company 63
percent of the global tablet market share. In comparison, Samsung sold 1.6
million tablets, giving it 7.5 percent of the tablet market share.
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