14 DAY TRIAL // With a number of around 27.8 million smartphones sold during the third quarter of the ongoing year, South Korean mobile phone maker Samsung Electronics becomes the king on the smartphone market, leaving Apple and its iPhone behind.
Samsung has just announced its financial results for the third quarter of the ongoing year, and confirmed the large number of smartphones sold in the time frame.
Moreover, the company confirmed some numbers on its highly popular Android devices, such as the fact that it sold over 10 million Galaxy S II smartphones in the five months that passed since its official release.
According to Samsung, its telecommunications division was the best performing of all, with operations of 2.52 trillion won ($2.28 billion / 1.6 billion Euros) and revenue of 14.90 trillion won ($13.4 billion /9.5 billion Euros), 37 percent up compared to the last year.
During the third quarter of the year, Samsung seems to have benefited a lot from the lack of a new iPhone model from Apple, which landed only in October.
For its third quarter period, Apple posted iPhone sales of 17.1 million devices, falling far behind Samsung's almost 28 million sold smartphones.
Samsung says that demand for its devices should be even higher during the fourth quarter of the year, since new devices arrive on shelves, but competition from the iPhone should be higher as well, since Apple has just launched the new iPhone 4S model.
Samsung will bring to the market two new high-end Galaxy smartphones in the coming weeks, namely the Galaxy Nexus and the Galaxy Note, and they should help sales ramp up.
Not to mention that the Galaxy S II is expected to benefit from increased market performance in the United States, since it was launched only in late Q3 in the country. Samsung also made new LTE devices available for purchase in the past several weeks, which should help it gain more ground on the smartphone market as well.