{"id":7216,"date":"2024-04-18T01:59:33","date_gmt":"2024-04-18T05:59:33","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/samsung-leads-over-apple-in-sales-a-better-investment\/"},"modified":"2024-04-18T01:59:33","modified_gmt":"2024-04-18T05:59:33","slug":"samsung-leads-over-apple-in-sales-a-better-investment","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/samsung-leads-over-apple-in-sales-a-better-investment\/","title":{"rendered":"Samsung Leads Over Apple in Sales: A Better Investment?"},"content":{"rendered":"

\"Profit<\/a>
\n<\/p>\n

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Samsung Outperforms Apple in Global Smartphone Market<\/h2>\n

In Q1 2024, Samsung Electronics (KS:005930)<\/strong><\/em> took the lead over Apple (NASDAQ:AAPL)<\/strong><\/em> to become the world\u2019s top smartphone seller, as reported by IDC. Apple\u2019s iPhone shipments declined nearly 10%<\/strong><\/em> year-on-year.<\/p>\n

Despite a 7.8% growth<\/strong><\/em> in global smartphone shipments, totaling 289.4 million units<\/strong><\/em>, Samsung surged ahead with 60.1 million units sold<\/strong><\/em>, capturing a 20.8% market share<\/strong><\/em>. In contrast, Apple sold 50.1 million iPhones<\/strong><\/em>, holding a 17.3% market share<\/strong><\/em>.<\/p>\n

Chinese brands like Xiaomi and Huawei also saw increases, with Xiaomi securing the third spot with a 14.1% market share<\/strong><\/em>.<\/p>\n

\"\"<\/a><\/p>\n

Samsung Gains from U.S. Chips Act<\/h2>\n

The U.S. Department of Commerce recently announced that under the Biden administration\u2019s Chips and Science Act of 2022, Samsung would receive up to $6.4 billion<\/strong><\/em> to expand its semiconductor production in Texas. This initiative aims to bolster U.S. chip manufacturing and reduce dependence on Asian suppliers.<\/p>\n

Samsung is expected to invest about $45 billion<\/strong><\/em> in its Texas facilities by 2030, which should enhance job creation and economic growth in the U.S., while also boosting Samsung\u2019s semiconductor segment.<\/p>\n

In early April, Samsung projected a significant increase in its first-quarter operating profit for 2024, expecting a rise of 931.3%<\/strong><\/em> to 6.6 trillion won ($4.77 billion)<\/strong><\/em>, driven by high demand and rising chip prices.<\/p>\n

Samsung\u2019s Stock Performance Indicates Market Confidence<\/h2>\n

\"\"<\/a><\/p>\n

Samsung\u2019s stock has shown remarkable resilience, with a notable 11% increase<\/strong><\/em> from its January low, in contrast to Apple\u2019s 15% fall<\/strong><\/em> since December. Over the last year, Samsung\u2019s market value on the Korean Stock Exchange has grown by 21.44%<\/strong><\/em>, reaching about $385 billion<\/strong><\/em>.<\/p>\n

Analysts are optimistic, predicting a 28.65% rise<\/strong><\/em> in Samsung\u2019s stock price over the next 12 months, with an average target price of 101,505 Korean won per share ($73.40)<\/strong><\/em>.<\/p>\n

Upcoming Financial Report to Shed Light on Samsung\u2019s Prospects<\/h2>\n

On April 30, Samsung will disclose its Q1 2024 financial results. Investors are keen to see if Samsung can sustain its stock market momentum following its leadership in smartphone sales and whether the chip sector\u2019s growth will further propel its stock value.<\/p>\n<\/div>\n

\"Profit<\/a>
<\/p>\n","protected":false},"excerpt":{"rendered":"

Samsung Outperforms Apple in Global Smartphone Market In Q1 2024, Samsung Electronics (KS:005930) took the lead over Apple (NASDAQ:AAPL) to become the world\u2019s top smartphone […]<\/p>\n","protected":false},"author":1,"featured_media":7217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-7216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-happiness"],"_links":{"self":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/7216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/comments?post=7216"}],"version-history":[{"count":0,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/7216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media\/7217"}],"wp:attachment":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media?parent=7216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/categories?post=7216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/tags?post=7216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}