SEOUL, Nov. 27 (Yonhap) — Samsung Electronics Co. narrowed the gap with Apple Inc. in terms of profit shares in the third quarter, with a more than 30 percent share, a report showed Friday.
The South Korean tech giant accounted for a 32.6 percent share of profits worldwide generated from the smartphone segment in the third quarter, up from a 18.8 percent share a year earlier, according to market researcher Strategy Analytics.
The latest figure was the largest for Samsung since the second quarter of 2014, when it took 37.9 percent of global smartphone profits.
Apple defended its status as the world’s most profitable smartphone vendor with a dominant 60.5 percent share in the third quarter. But its market share was down from 66.9 percent from a year ago.