Samsung’s Records its Highest Smartphone Profit Share in Six Years

Samsung has reportedly managed to increase the profit share in the third quarter of this year. According to a report by market research firmStrategy Analytics, the company had over 30 percent profit share in the smartphone segment. In the third quarter,Samsung’s smartphone business contributed a 32.6 percent share of the global profitsin the smartphone segment. Notably, this is an 18.8 percent increase from its profit share in the same quarter last year.

Samsung’s latest profit share is the largest it has achieved since the second quarter of 2014. Back in Q2 2014, the South Korean tech giant had a 37.9 percent share. The development comes at a time whenSamsung surpassed Xiaomito regain its position as the leading smartphone company in the Indian market.

Meanwhile,Applemanaged to retain its position as the world’s most profitable smartphone maker. According to the report, the company had a 60.5 percent profit share in the third quarter. Although this is still a respectable figure, the company’s overall share declined from 66.9 percent it had in Q3 of 2019.

Apple’s operating margin reduced to 21 percent due to the late release of theiPhone 12lineup. On the other hand,Samsung’s operating margin increased to 14 percentas opposed to 11 percent in the same quarter last year.

In terms of revenue,Samsung’s revenue share stood at 22.6 percentin the third quarter, while Apple leads with 29.5 percent during the same quarter. Coming to shipments, Samsung had a 21.9 percent share, followed by Huawei at 14.1 percent, Xiaomi at 12.7 percent, and Apple at the fourth spot with 11.9 percent.

Subin B

Subin writes about consumer tech, software, and security. He secretly misses the headphone jack while pretending he’s better off with the wireless freedom.

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