The second largest cell phone manufacturer just published its Q3 results and things are looking pretty good. Unlike their neighbors from LG who had a rather rocky quarter, Samsung continue to gain pace and have moved another step forward in their plan to become Numero Uno. In Q3 the sales of the conglomerate have increased by 12 percent to 35.8 billion US dollars, while net profit rose by 17 percent to reach 4 billion dollars. The mobile division was among the more profitable Samsung businesses, generating 9.9 billion dollars of sales and 1 billion of profit. Those numbers represent an increase of respectively 16 percent and 0.3 percent compared to the same period of last year.
During the past three months Samsung sold 71.4 million handsets, giving them a market share of just over 22 percent (it was 20.8 percent in Q3 of 2009). In comparison, for Q3 of 2009 Samsung only pushed 60.8 million mobile phones.
The average selling price of the Samsung mobile phones has also increased by 14 percent over the previous quarter up to 122 US dollars.
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