Latest Business News: Samsung Smashes Apple as Smartphone Explosion Continues in Q2

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Latest Business News: Samsung Smashes Apple as Smartphone Explosion Continues in Q2

Latest Business News: Samsung Smashes Apple as Smartphone Explosion Continues in Q2
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Latest Business News: Samsung Smashes Apple as Smartphone Explosion Continues in Q2

by Wochit 1:13 mins

High-end smartphone sales growth might be slowing, but that didn't stop the global smartphone market from growing 52.3% on-year in the second quarter. IDC issued its Q2 2013 shipment estimates following the release of Samsung's audited second-quarter results, which showed that Samsung shipped 72.4 million smartphones last quarter, good for 30.4% of the global market. U.S. technology and financial services firm General Electric is to cut 600 jobs in France, mostly at its finance arm, a union official said, seeking to further shrink the division's activities in the wake of the banking crisis. GE Chief Executive Jeff Immelt is stepping up long-running efforts to shrink finance arm GE Capital, which almost sank the whole company during the 2008 meltdown. Starbucks says its profit climbed 25% in the quarter as caffeine-addicted customers helped boost sales and the company paid less for coffee costs.

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