As the Global Post reports, Samsung's phones are outpacing Apple's among the public.
The Korean company passed both Apple and Nokia in sheer number of shipments, up 44 percent from last quarter, and four times as many sales as last year, according to Reuters. Samsung's smartphone lines make up for 60 percent of the company's profit.
In comparison, Apple sold 17.1 million iPhones and Nokia Corp. -- still the world's leader in mobile phone sales -- shipped out 16.8 million smartphones, reports News 24.
According to the Times of India, analysts say these numbers do not reflect Apple losing its edge, since the iPhone 4S arrived after the end of the third quarter, and many people waited to buy their iPhones until the new model's release earlier this month. Apple reported selling more than 4 million new iPhones in its first weekend, but those numbers are not reflected this quarter.Examining the aforementioned Reuters' story a bit more closely, Samsung's ascendancy to the top of the sales charts is impressive.
Samsung (005930.KS) only entered the smartphone market in earnest last year, but its sales have skyrocketed thanks to a sleek production system that rapidly brings new products to market. Apple (AAPL.O) introduced its first iPhone in 2007.
Meanwhile, The Australian notes that the lawsuit involving Samsung and Apple is stuck in neutral because both sides are hesitant to come forward with information.
"In the handset division, Samsung has no real rival models to challenge its products except for the iPhone 4S. Apple and Samsung will continue to dominate the market in the fourth quarter," said Kim Hyun-joong, a fund manager at Midas Asset Management, which owns Samsung shares.