Samsung Electronics Co. stood as the world's top smartphone producer in the third quarter in terms of shipments, data showed Friday, helped by rising sales of budget models.
Industry tracker Strategy Analytics said the South Korean tech giant sold 83.4 million units of smartphones in the July-September period, with its share standing at 21.1 percent. It marked a sharp growth from a year earlier when the company shipped 75.3 million units.
"Samsung's growth is being driven by strong demand for its A, J and S series models across Latin America, India and elsewhere," Strategy Analytics said.
The company said early this week that while its combined shipment of smartphones increased in the third quarter due to robust sales of the Galaxy J models, its overall earnings decreased on-quarter as their profitability is weaker compared with flagship devices.
US tech giant Apple Inc. accounted for 11.9 percent of the market in the third quarter, slightly down from last year's 12.1 percent.
"Despite a delayed launch of the flagship iPhone X model, the new iPhone 8 portfolio was relatively well received in major countries, such as Germany and China," the industry tracker said.
China-based Huawei and Oppo followed with 9.9 percent and 8 percent, respectively, over the cited period. Xiaomi also posted a share of 7 percent, rising sharply from 3.9 percent held a year earlier. (Yonhap)