Tech

Samsung Reaches Highest Smartphone Profit of the Last 6 Years

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Samsung Electronics announced that it has achieved the highest smartphone profit share in the last 6 years in the results announced for the third quarter of 2020. Despite this success, the company lags behind Apple.

Competing with Apple since the early days of the smartphone industry Samsung, the last he took off Galaxy S seems to have exceeded expectations with his series. Samsung, which managed to surpass Apple for the first time since the second quarter of 2017 in the US market last month, also achieved a significant success in total profit.

Samsung explained Third quarter of 2020 The results show us how successful the company has done in the last quarter. Having achieved the highest smartphone profit in the last 6 years, Samsung seems to have dominated the market with a large number of smartphone models released in the global market. In the usa market Appleand in the Indian market XiaomiThe company, which succeeded in leaving behind, in the third quarter of 2020 compared to the same period last year 32,6’ya achieved a rising profit rate.

Samsung

Highest dividend since 2014

Samsung’s success in this last quarter 37.9 percent It stands out as the highest dividend since the dividend. Unlike Apple, Samsung, which does not only release flagship phones, attracts many more customers with smartphone models suitable for every price range. Of course, let’s report that Apple has not exceeded its 60.5 percent dividend despite all these efforts. Although Apple has reduced its profit share slightly from 66.9 percent last year, it is still the leader among the manufacturers in the market.

Samsung

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When we look at the global smartphone market also Applehas superiority. Samsung’s revenue share in the global smartphone market was 22.6 percent, while Apple’s revenue share was 29.5 percent in the same period.

Source :
https://www.gizmochina.com/2020/11/27/samsung-highest-smartphone-profit-share-in-6-years-q3-2020/

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