Samsung’s highest profit in the third quarter, breaking a six-year record

In the third quarter of this year, Samsung Electronics performed much better than other companies. The company’s profit from smartphones during July-September has broken the company’s six-year profit record, while Samsung has beaten other competing brands in some markets around the world. Let’s take a look at the third quarter reports of Samsung and other companies.

The popular South Korean company has overtaken Apple in the US and Xiaomi in India. In addition, the company has been able to reduce its profit margin with Capertino-based Apple. In the third quarter of this year, Samsung has achieved a 32.7% profit share, compared to only 16.7% in the previous year, 2019. According to the report, this is the highest profit of the company in the last six years, although Samsung had a 36.9% profit share in the second quarter of 2014.

However, in terms of profitability, tech giant Apple still tops the global market as a profitable smartphone brand with a 60.5% profit share. However, compared to last year, the company’s profit figures are slightly lower, Apple’s profit share was 6.9% in the previous year. The company’s operating margin has shrunk since the release of the new iPhone 12 series. On the other hand, Samsung’s mobile news portal Sammobile has released a report stating that Samsung’s operating margin increased from 11 percent to 14 percent in the third quarter of this year compared to last year.

Similarly, in the third quarter of the year, Samsung Electronics gained 22.6% of revenue from the global smartphone market, while Apple was able to generate 29.5% of revenue. Speaking of market share this quarter, Samsung has 21.9 percent market share. Two Chinese technology companies, Huawei and Xiaomi, have gained 14.1% and 12.7%, respectively.