Samsung Company only entered the Smartphone market in earnest last year, but its sales have skyrocketed thanks to a sleek production system that rapidly brings new products to market. Apple introduced its first iPhone in 2007.
“In the handset division, Samsung has no real rival models to challenge its products except for the iPhone 4S. Apple and Samsung will continue to dominate the market in the fourth quarter,” said Kim Hyun-joong, a fund manager at Midas Asset Management, which owns Samsung shares.
In my own opinion, Samsung did not come up with the Smartphone idea but adopted the Apple’s breakthrough Smartphone idea perhaps better than any other handset maker. It tries to offer the Apple experience at a better price with better functionality.
“Samsung’s rise has been driven by a blend of elegant hardware designs, popular Android services, memorable sub-brands and extensive global distribution,” said Alex Spektor at Strategy Analytics.
“Samsung has demonstrated that it is possible, at least in the short term, to differentiate and grow by using the Android ecosystem.”
Samsung unveiled the Galaxy Nexus, its latest Smartphone powered by Google’s Android operating system called Ice Cream Sandwich on 19th October 2011.