Samsung tops global smartphone market in Q3 despite shipment decline
Samsung Electronics Co. retained its position as the world's largest smartphone vendor in the third quarter, supported by steady sales of its entry-level and midrange Galaxy A series, despite a sharp contraction in the overall market, industry data showed Monday. The Korean tech giant shipped 57.8 million smartphones in the July-September period, down 5 percent from a year earlier, accounting for…
Samsung Electronics maintained its title as the world's top smartphone vendor in Q3, according to industry data, despite a significant drop in overall smartphone shipments. The company sold 57.8 million devices in July to September, marking a 5% decline compared to the same period last year. Samsung's share of global smartphone sales stood at 22.7%, according to data compiled by Omdia, a market research firm.
The drop in global shipments was far more pronounced, with a 20% decline during the same period. Omdia credited Samsung's performance to strong sales of its Galaxy A series and a diverse product lineup. The Galaxy Z Fold 8, introduced in August, also contributed to Samsung's enhanced standing in the premium segment.
Apple Inc. came in second place, shipping 56.5 million smartphones in the quarter, maintaining a steady 22.2% market share.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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