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Samsung is saying what I’m saying about mobile growth

Samsung released earnings today that showed record profit but they warned that growth of handset sales was slowing because of increasing competition.

Here’s the interesting bit though. Samsung “said that the strongest growth in the future would come in the market for low cost handsets in developing countries,” according to the Irish Independent. This is what I have been saying for a number of months – and one reason I believe this favours Android as a mobile platform over iOS which is positioned mostly as a premium product.

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.