Samsung dominates Apple and all comers in global smartphone sales. In fact, of the 250 million phones sold in the third quarter of 2013, Samsung can claim 34 percent of them as its own, with Apple whimpering along behind in second at 15 percent. And with sales of smartphones that have larger screens becoming stronger every quarter, things will only get better for Samsung. According to research firm Canalys, “Shipments of large-screen smartphones, 5” and above, reached their highest level, accounting for 22 percent of shipments or 56 million units. This trend continues to be driven mainly by Samsung, which dominates the large-screen segment….” With momentum this strong, and Apple investors fleeing in droves during the past year, it’s no secret which company is poised for a long and strong run: Samsung.
It was a slightly negative week in global financial markets, with the Dow Jones down 0.40% and the S&P 500 dropping 0.51%. Global markets pulled back more sharply, with the MCSI Emerging Markets Index tumbling 2.91%. The big story in your Alpha Investor Letter portfolio continues to be Icahn Enterprises, L.P. (IEP), which closed another stellar week and posted another 13.59% gain. With this position up 30.22% since my recommendation three short weeks ago, this has been one of
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