Samsung Electronics dominates Q3 smartphone sales with 84% market share

Samsung Electronics' Galaxy Z Flip 5 Retro model is on display at Samsung Gangnam, the company's flagship store in Gangnam, southern Seoul. [NEWS1]

Samsung Electronics accounted for more than 80 percent of Korea's smartphone sales in the third quarter amid contracted demand for high-end gadgets, data showed Monday.

Some 3.4 million smartphones were sold in the country from July to September, down 10 percent from a year ago, according to Counterpoint Research.

Samsung's smartphones dominated the market, capturing 84 percent of total sales, thanks to the popularity of its new foldable models, the Galaxy Z Flip 5 and Fold 5.

Apple's market share increased by 2 percentage points to 15 percent over the cited period despite the delayed release of its latest iPhone 15 series, which became available in stores in October.

Other smartphone makers, including Motorola, held a combined 1 percent of the market.

BY KIM JU-YEON, YONHAP [kim.juyeon2@joongang.co.kr]