Samsung’s profit share has reportedly increased in the third quarter of this year. According to a report by market research firm Strategy Analytics, the company recorded over 30 percent profit share in the smartphone segment. In the third quarter, Samsungâ€™s smartphone business contributed a 32.6 percent share of the global profitsÂ in the smartphone segment. Notably, this is an 18.8 percent increase from its profit share in the same quarter last year.
Samsungâ€™s latest profit share is the largest it has achieved since the second quarter of 2014. Back in Q2 2014, the South Korean tech giant had a 37.9 percent share. The development comes at a time whenÂ Samsung surpassed XiaomiÂ to regain its position as the leading smartphone company in the Indian market.
Meanwhile,Â AppleÂ managed to retain its position as the worldâ€™s most profitable smartphone maker. According to the report, the company had a 60.5 percent profit share in the third quarter. Although this is still a respectable figure, the companyâ€™s overall share declined from 66.9 percent it had in Q3 of 2019.
Appleâ€™s operating margin reduced to 21 percent due to the late release of theÂ iPhone 12 lineup. On the other hand, Samsungâ€™s operating margin increased to 14 percentÂ as opposed to 11 percent in the same quarter last year.
In terms of revenue,Â Samsungâ€™s revenue share stood at 22.6 percentÂ in the third quarter, while Apple leads with 29.5 percent during the same quarter. Coming to shipments, Samsung had a 21.9 percent share, followed by Huawei at 14.1 percent, Xiaomi at 12.7 percent, and Apple at the fourth spot with 11.9 percent.