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Samsung overtakes Apple as world's most profitable smartphone maker

wochit technology
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July 26, 2013 AT 10:30 AM
Apple has lost another battle in its ongoing war with Samsung. Research firm Strategy Analytics revealed that for the first time in four years, Apple is no longer the most profitable smartphone maker in the world. During the second quarter, Samsung's global handset operating profits hit $5.2 billion while Apple's operating profit stood at $4.6 billion.