samsung today announced its third-quarter earnings, providing a look at how well the company is competing in the electronics, semiconductor and telecommunications sectors, confirming that smartphone sales helped it to beat industry estimates to secure record high earnings.Korean smartphone giant Samsung posted net profits of 3.44 trillion won ($3.09 billion) between July and September, down 23% from a year ago.The results now suggest that Samsung has surpassed Apple to become the world’s leading smartphone maker, with sales in its telecommunication division seeing 300% rise from a year ago and a 40% increase from the second quarter.
Analyst forecasts, that averaged at a value of 3.24 trillion won, as sales rose 3% over the year to reach 41.27 trillion won and operating profit fell 13% to 4.25 trillion won.
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