Samsung sells 51.8M phones in Q3

Samsung Electronics shipped 51.8 million phones in the third quarter, up 22 percent from the 42.6 million they sold in the year-ago quarter and up 13 percent from 45.7 million in the second quarter this year.

The company as a whole saw its net profit drop 44 percent to $924 million, and its profit margins fell. The average selling price for a Samsung phone dropped to $135 in the third quarter, down from $142 in the second quarter of 2008.

The handset unit, the company's largest unit by revenue, saw its operating-profit margin fall to 9.5 percent, down from 12.8 percent in the year-ago quarter and  11.3 percent in the second quarter. However, Samsung said it expects to meet a goal of shipping 200 million units by the end of the year.

For more:
- see this Marketwatch article
- see this MobileBurn article

Related Articles:
Samsung ships 45.7M phones in 2Q
Samsung's net rises 37 percent

Suggested Articles

Dish Networks continues to lend out its spectrum resources to carriers so they can bolster capacity during the COVID-19 crisis.

WISPs received permission to use 45 MHz of 5.9 GHz spectrum to help meet the surge in demand as a result of the coronavirus pandemic.

AT&T introduced a new low-cost wireless plan for Cricket and AT&T prepaid customers, along with additional data allowances for two months.