Samsung's smartphone shipments grew 21% annually to reach 345 million units in the first quarter of this year, overtaking Apple by volume.
Global smartphone shipments grew 21 percent annually from 285.0 million units in Q1 2014 to a 345.0 million in Q1 2015. Global smartphone growth on an annualized basis has slowed slightly from 33 percent to 21 percent during the past year, due to increasing penetration maturity in major markets of the US, Europe and China.
Samsung shipped 83.2 million smartphones and captured 24% marketshare in Q1, down from 31% a year ago. Apple shipped 61.2 million smartphones and captured 18% marketshare in the quarter, up from 15% from a year ago.
While Samsung's shipments are up, it's profits are down. The company recently announced quarterly earnings of about $44 billion, down 12% from a year ago, and operating profit of $5.6 billion down 30% from a year ago.
Apple just announced record earnings for its quarter of $58 billion and quarterly net profit of $13.6 billion. That's 27% revenue growth and 40% EPS growth year-over-year.