Yong-jun Yeo, Gounee Yang

Global Economic News

SAMSUNG Electronics closed the gap with Apple Inc. in the U.S. smartphone market in the third quarter of this year.

According to market research firm Counterpoint Research, Samsung had a market share of 35 percent in the United States, up 5 percent year on year. It is the largest quarterly share since the first quarter of last year (32 percent).

Apple’s market share in the third quarter was 42 percent, up 3 percent year on year. However, Apple’s market share gap with Samsung narrowed from 9 percent to 7 percent.

Considering that Apple launched iPhone 13 series in September, Samsung’s third-quarter market share is better than expected. It is believed that strong sales of foldable phones Galaxy Z-Fold 3 and Z-Flip 3, released by Samsung in August, helped boost Samsung’s market share.