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

Nov. 27, 2020

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.

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