The world’s mobile market in the July to September period was led by two Korean electronics firms ― Samsung and LG ― according to a report.
Samsung shipped 120 million units, the largest number of mobile phones in the third quarter, which accounts for 28.7 percent of the entire market, according to a report released by leading market research institute Strategy Analytics.
The sales figure is twice that of mobile firm Nokia, which sold 65 million units, and four times larger than that of California-based Apple, which sold 34 million units during the third quarter.
The world’s top mobile manufacturer also topped the list of smartphone sales by shipping a record 88.4 million smartphones, up from 76 million in the previous quarter, and secured the largest market share of 35.2 percent in the smartphone market.
Meanwhile, its local rival LG Electronics marked the biggest growth rate in the smartphone market during the third quarter, by shipping 12 million units, up 71.4 percent from the same period last year.
The growth rate is reportedly higher than the annual growth rate of Chinese competitors Lenovo and Huawei, standing at 68.8 percent and 67.1 percent, respectively.
LG bested other competitors in the handset market in terms of growth rate, by selling 183 million units in the third quarter this year, up 27.1 percent year-on-year.
Apple, Huawei, and Samsung grew 25.7 percent, 20.7 percent, and 16.6 percent, respectively during the same period.
By Kim Young-won