Samsung Achieved Highest Smartphone Profit Rate in The Last 6 Years

Samsung Achieved Highest Smartphone Profit Rate in The Last 6 Years

Samsung Electronics announced that they have achieved the highest smartphone profit share in the last 6 years in the results announced for the third quarter of 2020. Despite this success, the company is still behind Apple.

Samsung, which has been in great competition with Apple since the early days of the smartphone industry, has exceeded expectations with its latest Galaxy S series. Last month, Samsung managed to surpass Apple for the first time in the US market since the second quarter of 2017. Samsung has also achieved a significant success in total profit.

Samsung’s success in the last quarter of this year stands out as the highest dividend seen since the 37.9 percent dividend achieved in the second quarter of 2014. Samsung, which does not only release flagship phones like Apple, attracts many more customers with its smart phone models suitable for every price range. Of course, let’s report that Apple has not exceeded its 60.5 percent profit share despite all these efforts. Although Apple has reduced its profit share slightly from 66.9 percent last year, it is still the leader among the manufacturers in the market.