Apple Takes on Samsung, According to Leading Financial
According to George
Leong, contributor to Profit Confidential,
the market for smartphones and tablets is extremely competitive and fierce
because there are hundreds of billions of dollars at stake. In California,
there is a battle in the courtroom between Apple and Samsung,
Leong notes; Apple is suing Samsung for $2.5 billion, because Apple claims the
Samsung smartphones and tablets look and feel like the “iPhone” and “iPad.”
In the article “Heavyweight Bout—Apple vs. Samsung,” Leong investigates this battleground.
“…When is it illegal to look at a competitor’s design and mimic it without actually copying it?” asks Leong. “Yes, Samsung’s ‘Galaxy’ and Apple’s iPhone look similar, but …there are enough subtle design differences to make Apple’s allegation somewhat trivial.”
Leong claims that the Samsung “Galaxy III” has a larger screen than the iPhone.
“The icons look similar but so do the icons on other smartphones, such as those on the ‘BlackBerry,’ by Research In Motion,” argues Leong. In Leong’s opinion, when he looks the Galaxy III, the iPhone doesn’t even cross his mind.
Leong thinks that for Apple, it is a battle against its biggest rival, since RIM is essentially a non-player at this time.
“Apple is market leader in the booming tablet market,” says Leong. “The global market for tablets is estimated to rise to around $31.9 billion this year with over 100 million units delivered”
Leong believes that Apple knows this, which is why there is a court battle, as the company wants to hold onto its market-leader status.
“Samsung is the market leader and has a firm strangle-hold on the global smartphone market at around 44% versus 17% for upstart Apple,” reports Leong. “Apple is the market leader in the U.S. with a 31% share versus 24% for Samsung”
Leong concludes by arguing that the only reason why tablet market leader Apple is suing is that the company views Samsung as a real threat.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.
