Apple is set to report its fiscal-first quarter earnings on Wednesday and analysts are predicting a decline in profits for the iPad maker after Apple warned its profit margins would come down due to higher costs tied to all of its new products, including the iPhone 5 and the iPad mini.
Analysts expect the company to report fiscal first quarter earnings of $13.41 per share, compared with $13.87 a year ago. A drop in profits for Apple would mark its first profit decline in nine years; however, the company is notorious for issuing conservative guidance and then blowing away estimates.
Earlier today, Samsung launched the much anticipated, Samsung Galaxy S III Mini, however, the announcement has been somewhat disappointing. Despite the smartphone’s name, the Samsung Galaxy S III Mini is not that impressive. The device sports a 4-inch Super AMOLED display running at 800×480, a dual-core 1GHz processor, 5 megapixel camera, a VGA resolution front facing camera, and is running Android 4.1 (Jelly Bean). To top it all off, the phone does not support LTE. Wait, what? Yep — no LTE support.
The Samsung Galaxy S III Mini is a mere shell of the original Galaxy S III and it certainly won’t make iPhone 5 owners jealous. It may share a name with the original Galaxy S III, but it sure isn’t of the same calibre. If you want a smartphone with a 4-inch screen, the iPhone 5 is still the way to go.