November 8, 2012 / 10:38 AM / in 5 years

Galaxy S3 takes No. 1 position in smartphone market: research

(Reuters) - Samsung Electronics’ Galaxy S3 became the world’s best-selling smartphone model last quarter, pushing aside Apple Inc’s iPhone, which has dominated the chart for more than two years, research firm Strategy Analytics said on Thursday.

Samsung Electronics' Galaxy S III is displayed at a store in Seoul August 27, 2012. REUTERS/Lee Jae-Won

Strategy Analytics estimated Samsung sold 18 million S3 models in the third quarter, compared with iPhone 4S sales of 16.2 million.

Strong sales of the flagship Galaxy S3 - which comes with a large 4.8 inch touchscreen - helped Samsung post a record $7.3 billion operating profit in the July-September quarter.

“Samsung’s Galaxy S3 has proven wildly popular with consumers and operators across North America, Europe and Asia,” said analyst Neil Mawston, adding the new iPhone 5 would likely reclaim the top spot for Apple in the current quarter. (Reporting by Tarmo Virki; Editing by David Holmes)

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