Samsung’s profits soars 53%

samsung s4

Samsung is leading in sales as the South Korean tech giant announced sales on Friday of approximately $52 trillion up 15% from a year ago.

Samsung’s boosted sales were boosted by gadgets and electronics such as the Galaxy S Smartphone.  Last month Samsung unveiled the highly anticipated Galaxy S4 smartphone and later in the month the tech giant announced the Galaxy Note 8.0  tablet.

Samsung’s strong quarter  could be bad news for Apple, which has recently been overshadowed in the smartphone market by Samsung.  Some Wall Street analysts argue that Apple needs to create a lower-end version of its smartphone to expand its share and better compete with No. 1 Samsung, whose phones run on the Android operating system from Google .

Could Samsung be in the lead in the tech industry?

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Picture by Techagesite Mobile Wallpapers

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