A number of prominent smartphone manufacturers have recently released their quarterly profits for the three month period finishing at the end of September. As predicted, Samsung showed healthy revenues and profits, thanks to their dominance of the smartphone market. Click here for a detailed overview of Samsung’s quarterly earnings.
Across all sectors of its business, Samsung posted total revenue of $47.5 billion. Samsung Mobile, which is responsible for the company’s smartphones and tablets contributed $23.9 billion of this revenue. Of course, Samsung is responsible for one of the most popular smartphones of all time, the Galaxy S3. This device has sold many millions of units, and remains in the number one position in the smartphones sales charts in a number of countries around the world. However, the company also has a number of other popular smartphones. The Galaxy Note 2 has steadily risen in popularity since its launch last month. Of the same three month period last year, a massive 91% increase in profit was shown, at $7.4 billion.
Around one billion dollars of the revenue has contributed by Samsung Display. Believe it or not, Samsung display manufactures screens for Apple’s iPhone 5, despite the fact that it is the main rival to the Galaxy S3, so its popularity has actually been beneficial for Samsung.
Samsung remains the market leader in the smartphone business, with around 31% of the market. Apple is in second place with 15%, although this is largely down to the fact that Apple only releases one smartphone model at a time. Samsung on the other hand has numerous devices, covering budget, mid range of high end markets.
Apple actually achieved higher profits over the same period, at around $8.2 billion. However, this also takes into account Apple’s other products like iPods, iPads and Apple’s computer products. All of these are market leaders in their respective categories, and Apple’s revenues were also contributed to by sales of AppStore and iTunes products.
It seems there is no stopping Samsung or Apple, and it is easy to see why a number of other smartphone manufacturers including Nokia and HTC have shown falling profits as they struggle to compete with these two technology giants.