Samsung Electronics has seen a profitable third quarter this yr, with the corporate recording its highest smartphone revenue share in the worldwide market in six years, beating different main manufacturers as properly in sure areas.

The South Korean tech large has overwhelmed Apple in the US and Xiaomi in the Indian market. Moreover, the corporate has even manged to slender the hole with the Cupertino primarily based large in phrases of smartphone revenue share. In Q3 2020, Samsung achieved a revenue share of 32.6 p.c, which is considerably up from 18.eight p.c from again in 2019. This additionally marks its highest revenue share in over six years, because it noticed a 37.9 p.c revenue share again in Q2 2014.

Notably, Apple nonetheless stays the world’s most worthwhile smartphone model with a 60.5 p.c revenue share. Though, this determine is down from 66.9 p.c from final yr. The corporate noticed a fall in working margins with the discharge of the brand new iPhone 12 collection. However, Samsung famous a progress in working margin, rising from 11 p.c in Q3 2019 to 14 p.c in the identical quarter this yr, as per a SamMobile report primarily based on Technique Analytical analysis.

Equally, Samsung Electronics’ international smartphone income share was 22.6 p.c, whereas Apple had a income share of 29.5 p.c throughout the identical interval. Though, the previous’s general market share was greater, coming in at 21.9 p.c. That is greater than the market share of Chinese language tech giants like Huawei, with 14.1 p.c, and 12.7 p.c market share of Xiaomi. Apple slipped all the way down to fourth place throughout the third quarter of this yr, having a market share of simply 11.9 p.c.

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