Samsung sells 88 million handsets in Q3, reclaims top spot in India
Registering stronger sales of mass-market models in key regions
including India, Samsung sold 88 million handsets in the third quarter this
year, with more than 90 percent of them being smartphones and nine
million tablets, the company informed on Thursday.
In
India, it took Samsung two years to recapture the top slot in the smartphone
market in the third quarter (July-September period) with 24 per cent share, as
the Chinese major Xiaomi logged 23 per
cent market share for the second spot, according to a Counterpoint Research
report.
Samsung
said that the overall market demand increased in the third quarter as stimulus
measures helped many economies recover following lockdowns during the second
quarter.
"The
smartphone sales rose sharply from the previous quarter, with the launch of new
flagship models such as the Galaxy Note20 and Galaxy Z Fold2, as well as
stronger sales of mass-market models in key regions including India," the
South Korean major informed.
Sales
increased in tablets and wearables including the Galaxy Tab S7, Galaxy Watch3
and Buds Live also contributed to the profit growth in the third quarter.
Looking
ahead to the fourth quarter, the overall market demand is expected to increase
QoQ due to strong year-end seasonality and continued recovery in the overall
demand.
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