In fact, the South Korean manufacturer of the iPhone-rivaling Galaxy S III enjoyed its fifth consecutive record-breaking quarter for operating profit in Q4, Financial Times reported Tuesday. Samsung also owes a lot of that success to not-so-high-end devices.
Though Apple hasn’t catered to that segment of the mobile phone market, The Wall Street Journal reported Wednesday that a lower-price iPhone could hit the shelves by the end of this year.
Samsung’s success is a painful reminder to Apple that innovation is key to market success. SAP Co-CEO Jim Hagemann Snabe recently discussed the implications of a customer-driven, innovation-oriented company with German international broadcaster Deutsche Welle.
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