Samsung Electronics (KRX:005930) improve their shares on the U.S market
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Samsung Electronics (KRX:005930) announced to investors the news that their third quarter profits could be down by 60 percent when compared to last year. Samsung Electronics (KRX:005930) after a morose period has started to gain shares in the U.S stock market which is shocking. Samsung Electronics (KRX:005930) gained 1.1 percent in the U.S market with the overall rate of share now being at 28.9 percent when their profits are expected to fall!
Samsung Electronics (KRX:005930)’s sales were dwindling and are still quite dim. This was the reason why they had to lower the prices of their phones was so that they could compete with the Androids that are much cheaper while technologically and specification wise quite sound. Samsung Electronics (KRX:005930) although manages to make smartphones more than anyone, they still had to lower the prices to enter the mass market.
Samsung Electronics (KRX:005930) even though showed some progress, it is still lagging behind Apple Inc (NASDAQ:AAPL) on the stock market which increased by 0.1 percent in the U.S market and now stands at 42 percent overall. The data is based on the comparison of the three month period ending in May to the three month period starting from June to August. Samsung Electronics (KRX:005930) started gaining since June and now has started to come back on track after a tumultuous period starting this year.
Samsung Electronics (KRX:005930) Note 4 arrived on 8th October amidst bad news that Samsung Electronics (KRX:005930) was far from achieving their profit numbers. Samsung Electronics (KRX:005930) has for long pinned their hopes on Note 4 to bring them back their grand stature in the smartphone market. It will be interesting to see what kind of competition it gives Apple’s (NASDAQ:AAPL) iPhone 6.
But Samsung Electronics (KRX:005930) clearly hasn’t got just one rival; the mass market- currently ruled by Google Inc (NASDAQ:GOOGL)’s Android has surfaced to become its new demon. As far as smartphone operating systems are concerned, Google Inc (NASDAQ:GOOGL)’s very own Android lost about 0.1 percent on the stock market that led it to close down at 52 percent as a whole. Apple Inc (NASDAQ:AAPL)’s IOS gained about 0.1 percent and now stands at 42 percent, Microsoft Corp (NASDAQ: MSFT) went up by 0.1 percent to stand at 3.5 percent a share and Blackberry Ltd (NASDAQ:BBRY) remained the same.
The leading mobile apps according to the survey by comScore were Facebook, Youtube, Google (NASDAQ:GOOGL) Play, Google (NASDAQ:GOOGL) Search and Google (NASDAQ:GOOGL) Maps. These are basically those applications that are must-haves for a smartphone user and usually, more often than not, people have all of them installed on their smartphone. Facebook’s reach extend to about 72.4% of users who are 18 years old or above.
Youtube is beyond 54.9 percent while Google (NASDAQ:GOOGL) Play is about 51 percent for all mobile users. Two famous Google Inc (NASDAQ:GOOGL) allies: Search and Maps reaches to 47.2 percent and 46.2 percent. Twitter lags behind, standing at 14th position with just 22.3 percent.