Samsung Q3 handset shipments surpass 50 million

There’s no secret Samsung is getting better every day. Their Q3 results are impressive, as it’s the first quarter when the Korean giant’s handset shipments surpassed 50 million. More precisely, Samsung shipments totalled 51.8 million, up 22% year-on-year and 13% sequentially, with their quarter-on-quarter growth exceeding the market’s overall growth.

However, because of the tough competition, Samsung Mobile’s operating profit was down 15% year-on-year and down 36% quarter-on-quarter. At the same time, handset revenues reached $4.3 billion, up 27% over the year-ago quarter.

It is also worth noting that Samsung’s success came from selling both high-end and low-end phones, but the company’s operating margin in handsets and network products dropped to 9.5% from the prior quarter’s 11.3%. Apparently, this was due to increased marketing expenses.

As for the market share, Samsung is now holding about 16.7% of the market, up from 15% the prior quarter…

[Via: RCRwireless]