Samsung Electronics shipped a record 88.4 million smartphones in Q3, while Apple posted a third consecutive decline in quarterly shipments.
According to a recent report, Samsung Electronics has posted a record 88.4 million smartphone shipments in Q3 2013 increasing the company’s market share to more than 35 percent worldwide.
Research firm Strategy Analytics stated that Samsung’s smartphone shipments in the July-September period surged 55 percent compared to last year. It’s market share has increased to 35.2 percent from 32.9 percent in the third quarter of 2012.
Apple has reported a third consecutive quarterly decline in earnings and posted a 26 percent increase in third-quarter net profit. The California based company has posted a 26 percent increase in shipments over the same period to 33.8 million units. But the company failed to keep up the 45 percent industry growth, leading to a decline in its market share from 15.6 percent to 13.4 percent.
The growth in the third quarter included around 9 million iPhone 5s and iPhone 5c smartphones in the three days after the new handsets were launched on Sept. 20, a record sale. Strategy Analytics expects Apple to make up last ground in the fourth quarter due to the high demand of its latest iPhone 5s model.
China’s Huawei Technologies Co reported the largest shipment growth in the third quarter at 12.7 million units up an astounding 67 percent from last year, primarily due to a robust demand in the company’s home market. The research firm added that the global smartphone shipments grew nearly 45 percent year-on-year in the third quarter of 2013. Smartphone sales accounted for 6 out of 10 of all mobile phones shipped globally.
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Source: Techworld