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Samsung tops Apple

Samsung has taken Apple's crown as the world's most profitable mobile handset vendor, according to new research, as analysts called on Apple to release a low-cost version of the iPhone to boost its global growth. Samsung's operating profit for its handset division stood at $5.2 billion in the second quarter of 2013, according to research firm Strategy Analytics, compared to Apple's estimated iPhone operating profit of $4.6 billion. It marks the first time the Korean firm has overtaken its U.S. rival.
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