Apple (AAPL) Quietly Cheers Financial Woes at Samsung

December 27, 2013 11:47 AM EST
It wasn't too long ago that markets believed Samsung was getting the upper hand in their battle with Apple (NASDAQ: AAPL). Some even started carving the iPhone makers headstone. How quickly things change...

With the successful launch of the iPhone 5S, Apple appears back on top and Samsung is the one singing the blues.

According to new research from FnGuide, Samsung may post weaker-than-expected fourth quarter results when it reports. Analysts now see the South Korean smartphone giant posting a profit of around 9 trillion won, down form a prior view of 10.2 trillion won. While negative foreign exchange fluctuations will get most of the blame for the miss, the news may underscore a bigger theme - that Apple is back on top in the smartphone battle.

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