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Most cell phone makers have been watching their sales tumble in the current global economy, but Samsung Electronics hit its largest-ever market share, with over 17 percent of industry sales in the third quarter.
Samsung's operating profits from cell phone sales grew over 9 percent from July to September.
The market share of the world's top cell phone maker Nokia fell 2 percentage points from the previous quarter, and Motorola saw operating losses of 27 percent and its market share dropping by a point from the previous quarter.
Samsung's total third-quarter sales were more than W19 trillion (US$1=W1,264), up 15 percent from a year ago and 6 percent from the second quarter.
However, profits fell 44 percent from last year and 43 percent from the previous quarter as rising prices ate into potential earnings.
Besides cell phones, Samsung's main products are televisions, LCD displays and NAND flash memory chips. In the flash industry Samsung is the market leader and was the only company that did not post a net operating loss.
The same could not be said for the industry's second-ranked Toshiba and third-ranked Micron.
Analysts believe Samsung's success is a result of its attention to emerging markets.
Arirang News
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