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Samsung Remains King Of The Smartphone Market

| Oct 29, 2015 03:09 AM EDT

A Samsung logo is situated outside the company headquarters.

South Korean tech giant once again emerges on top of all smartphone manufacturers in terms of number of units sold in the third quarter of the year, a new research reports. Smartphone sales somehow struggle a little bit as several markets become saturated. However, the demand still remains high.

Market researcher IDC released a report showing that smartphone manufacturers collectively shipped 355 million smartphone units for this quarter. It is 6.8 percent higher compared to the sales output on the same quarter in 2014. Despite the increase, the number is still lower that originally forecasted. Analysts pointed this slow sales output to the rather low sales output of the iPhone devices. On the Android side, during this quarters, manufacturers released slightly expensive phones that sell in rather low volumes.

According to Forbes, Samsung still took the biggest piece of the market by shipping more than 84 million smartphone units in the quarter ending in September. This represents 23.8 percent market share.

Apple closely follow on the number two sport, shipping 48 million iPhones within the same period. Despite landing in the second spot based on number of units sold, Apple is still the most profitable smartphone vendor in the world. Analysts said that Apple's massive profit can be traced back to the quite expensive devices it sells that compensates for its rather low sales volume if compared to Samsung.

Taking the third spot is a surprising and rather refreshing new brand, Huawei. The Chinese manufacturer, known for selling telecommunications equipment, managed to ship 26.5 million smartphone units in the same quarter beating its native rivals Lenovo and Xiaomi.

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