Symbian posts 44% sales increase in Q3

Symbian, a maker of operating systems for mobile phones, said that third-quarter sales rose 44% on rising demand, an Associated Press report said.

The Associated Press report said the firm's revenue for the three months through September 30 rose to 40.3 million pounds ($76.3 million) compared with 27.9 million pounds ($51 million) in the same period last year, the company said in a statement.

The company shipped 13 million Symbian OS units in the third quarter, compared with 8.5 million in the same period last year. It has shipped 100 million Symbian smartphones to over 250 network operators worldwide since its formation.

'We see two trends driving smartphones onward,' CEO Nigel Clifford was quoted as saying. 'The first is that while smartphones have their highest penetration rates in the most saturated and developed markets, the highest future growth rates are likely to be in rapidly developing markets such as China, India and Brazil.'

Symbian is a joint venture among a number of mobile phone companies. Nokia has a 48% stake, Ericsson holds 16%, Sony Ericsson owns 13%, Panasonic Mobile Communications has 11%, Siemens holds 8 % and Samsung has 4%.