Samsung reclaims the top spot as the smartphone vendor

Samsung reclaims the top spot as the smartphone vendor
Image source: TechRadar

South Korean smartphone maker has reclaimed its top spot in the smartphone market. It lost its crown to the Chinese multinational technology company Huawei three months ago. Samsung released its quarterly revenue figures, which unequivocally made it the reigning smartphone vendor.

The revenue mentions, “Quarterly operating profit rose 52 percent from the previous quarter, thanks to a boost in demand for smartphones and consumer electronics as well as efficient cost management. Third-quarter operating profit was also 59 percent higher year-on-year on stronger sales of memory chips and consumer products.”

The report clearly puts it out there that Samsung earned KRW 66.96 trillion in consolidated revenue while for the third quarter, it raked in KRW 12.35 trillion in operating profit, as of September 30, 2020.

Beijing-based Xiaomi also reclaimed its number three spot after many years, thereby overtaking Apple for the first time ever. It showed a growth of 46%. In the July-September quarter, Apple’s witnessed a dwindle of 7% in its shipment. Experts are blaming the iPhone 12’s October release.

Samsung, Huawei, Xiaomi, and Apple clinched the first four spots, the fifth, sixth, and seventh positions are bagged by Oppo, Vivo, and Realme – all of them BBK brands.

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