Samsung leads the global smartphone market in the third quarter of this year - Sarmad
Samsung maintained its lead in the global smartphone market thanks to Galaxy A series sales, while its profits surged significantly driven by demand for semiconductors.
Translated by Qiyas from سرمد — Original source
South Korean electronics giant Samsung maintained its position as the world’s largest smartphone vendor in the third quarter of this year, driven by steady sales of its budget and mid-range Galaxy A series, despite a sharp overall market contraction.
According to data compiled by market-tracking firm Omdia and reported by Yonhap News Agency, Samsung shipped 57.8 million smartphones between July and September, accounting for 22.7% of global shipments.
Samsung’s performance was relatively strong compared to a 20% decline in global smartphone shipments during the same period. Omdia attributed this resilience to robust sales of the Galaxy A series, noting that the company responded to market demand with a diverse product lineup. Additionally, the Galaxy Z Fold 8, launched in August, helped bolster Samsung’s position in the premium smartphone segment.
US-based Apple ranked second, shipping 56.5 million smartphones, unchanged from the previous year, with a market share of approximately 22.2% of the total.
On October 29, Samsung Electronics announced that its net profit for the third quarter of this year more than sextupled year-on-year, driven by strong demand for semiconductors linked to artificial intelligence technologies.
