According to industry data posted a couple of days ago, Samsung Electronics continues to be the leading mobile DRAM manufacturer worldwide, as the Seoul-based tech giant reportedly achieved a 64.5% share of the global market. This impressive percentage is based on global DRAM sales and shipments recorded during the third quarter of the year. During the second quarter of 2016, Samsung boasted a 61.5% share of the mobile DRAM market, so latest developments just further solidified the company’s position as the leading manufacturer in the field.
As estimated by the market analysis firm DRAMeXchange, Samsung achieved $2.96 billion in sales during the third quarter of the year, which marks an impressive 22.4% increase in comparison to the previous period. In other words, while the company’s share of the mobile DRAM market rose only slightly, Samsung managed to earn significantly more money from it. The company’s main local rival SK Hynix Inc experienced a declining market share during the same period, and the said firm is currently holding 22.8% of the market. That’s 2.3% less than what SK Hynix had in Q2 2016, but it’s still unclear whether the company lost a part of its market directly to Samsung. However, that may very well be the case given how Micron Technology Inc, the third largest mobile DRAM manufacturer in the world also experienced a slight share decline and the Idaho-based company is currently holding just 10.6% of the global market.
Looking at the bigger picture, Samsung’s dominance in the mobile DRAM market isn’t surprising given the fact that the South Korean tech giant is also the largest smartphone maker in the world. The Seoul-based conglomerate is also the leading DRAM manufacturer worldwide, as it recently revealed it’s holding 50.2% of the said market. Samsung’s growth in this segment also nullified SK Hynix’s decline seeing how South Korean companies currently account for 87.3% of the mobile DRAM market worldwide, almost one percent more than they did last quarter. This is a record high percentage for the Far Eastern country, and industry analysts are predicting this trend will continue during the final quarter of the year. In related developments, DRAMeXchange also forecasted that the average contract price of PC DRAM operations will go up by 15% in early 2017, so Samsung is seemingly on the road to make even more money from this business in the near future.