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 held onto its status as the world's leading smartphone manufacturer in the third quarter, driven by strong sales of its Galaxy A series devices, according to industry data released on Monday. Despite a significant decline in the overall smartphone market, Samsung shipped 57.8 million smartphones during July-September, marking a 5% drop compared to the same period last year.
This shipment figure represented 22.7% of global smartphone sales, reflecting a relatively stable position amid a 20% plunge in global market sales.
Omdia, an industry tracker, credited Samsung's resilience to the successful sales of its mid-range Galaxy A series and a varied product range. The company's Galaxy Z Fold 8 series, introduced in August, further bolstered Samsung's standing in the premium smartphone segment. Ranking second globally, Apple Inc. shipped 56.5 million smartphones in the same quarter, maintaining its market share at approximately 22.2%.
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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