SEOUL, South Korea (

TheStreet

) --

Samsung Electronics

is estimated to have surpassed

Apple

(AAPL) - Get Report

in smartphone shipments during the third quarter.

Samsung shipped about 40% more smartphones in the third quarter from the last quarter, according to Jae Lee, a Daiwa Securities technology analyst. He estimated Samsung shipped 28 million smartphones during the July-September period.

A Samsung spokesman wouldn't comment for

The Associated Press

on whether Samsung had passed Apple in smartphone sales. The company doesn't provide sales figures for handsets. Samsung did say that handset shipments rose more than 20% from last quarter, and global smartphones sales jumped 300% from last year.

Apple sold 17.07 million iPhones during the quarter, well below analysts' projections. Apple launched the new iPhone 4S earlier this month.

Samsung said handset revenue in the quarter rose 39% from a year earlier to about $13 billion. It forecast strong fourth-quarter sales.

"Looking ahead into the fourth quarter, when industry demand is traditionally at its peak, Samsung expects sales of mobile devices to remain strong," the company said.

-- Written by Joseph Woelfel

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Joseph Woelfel

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