Analyst: Samsung Galaxy S4 shipments ahead of estimates

Bernstein Research analyst Mark Newman put out a note to his clients earlier this week maintaining his 'Outperform' rating on Samsung's stock. Newman notes that while the Samsung Galaxy S4 has a lower gross margin than the Samsung Galaxy S III, the operating margins between the two phones are roughly the same. How can this be? It's because the newer model eats more home-cookin' than its predecessor. In other words, more parts in the newer flagship phone comedirectly from Samsung.