Apple has elicited a lot of hand-wringing by investors and fans alike lately, even as its chief competition Samsung seems to be prompting nothing but applause. Turns out selling a wider variety of phones and tablets is a good strategy after all.
While Apple was on its way to the company's first profit decline in almost a decade during the first three months of the year, Samsung's net profit grew 42 percent in the same period to 7.2 trillion won -- about $6.5 billion U.S. -- from 5 trillion won a year earlier. It was a record-setting quarter for the Korean consumer electronics maker.
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