Mobile, Third Quarter Earnings | featured news

Samsung sold more than 97 million mobile phones in the third quarter, besting Apple’s (NASDAQ: AAPL) iPhone by more than 74 million units. According to Gartner (NYSE: IT), nearly 428 million mobile phones were sold during the quarter. Approximately 23.5 million of those phones were manufactured by Apple — 97.9 million were made by Samsung.

Facebook lost $59 million in the third quarter, but the newly publicly traded social networking site saw its shares soar on Wall Street early Wednesday. Facebook shares gained $4.35, or 22%, to $23.85 in early trading, after the company reported gains from mobile advertising.

In the third quarter of 2011, Samsung was the king of the smartphone world, with one report showing the domination of the manufacturer overtaking Apple's global reign.