As per the latest report from Gartner, Apple has generated considerable profit of $18 billion in the fourth quarter. In comparison, Samsung admits that its profit fell dramatically 37 percent.
Thus Far, it is the highest profit rate of the iPhone maker. Earlier, Samsung was enjoying the top rank since last four years.
At last, Cupertino based firm took the crown from its biggest competitor: Samsung. It is the first time when Apple sold such a massive number of smartphones all around the globe.
The report from Gartner is entirely based on the fourth quarter sales of both the phone manufacturer. It reveals that Apple shipped more than 74.8 million units in fourth quarter of 2014. The figure is equal to 20 percent of the entire market share.
On the flip side, Samsung sold nearly 73 million units that signify 19.9 percent market share. It is certainly surprising for everyone as the firm sold 89.3 million units in 2013.
Anshul Gupta, research analyst at Gartner, discussed Samsung’s current position in detail. He informs that Samsung’s performance weakens in the fourth quarter. The South Korean lost around 10 percent market sharing merely in a single quarter. However, the firm is striving to get its position back from Apple.