Samsung’s Smartphone Sales Surpass Apple’s

Samsung Electronics Co.’s third-quarter net profit fell 23 percent, the company said on Friday, but that was less than expected as strong sales of smartphones offset weakness in other consumer products and electronic components.

Samsung in the July-to-September period surpassed Apple Inc. as the leading seller of smartphones by shipping around 28 million, about four times the number it achieved a year earlier, in a rapid transformation of its biggest business by sales. Apple said earlier this month it shipped around 17 million smartphones in the same period.

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