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Samsung 'crushes' Apple with its earnings report

Illustration for article titled Samsung crushes Apple with its earnings report

Samsung's financials show that the company's profit soared by 42% in this quarter compared to the same time last year and that amounts to about $6.5 billion. Apple on the other hand reported its first profit decline in almost a decade.

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Samsung also did well in terms of volume sales with research firms estimating that the Korean company sold around 70 million smartphone devices, almost double when compared to Apple's 37 million iPhones.

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