Although Apple is still (very) profitably plugging along with the iPhone, there’s a new king of smartphones, and it’s Samsung. The Korean gadget maker continued to dominate smartphone sales in the third quarter, shipping over 88 million smartphones this quarter compared to just 33.8 million iPhones shipped. And it gets worse for Apple.

According to research firm Strategy Analytics, Samsung’s smartphone shipments are up 55 percent from last quarter, and now account for 35% of all smartphones sold internationally.

The iPhone, however, is on the decline, dipping to 13.4% from 15.6% in the same quarter a year ago. This is despite the fact that Apple’s quarterly iPhone numbers are on the rise, shipping 33.8 million iPhones this quarter compared to just 26.9 million a year ago.

It’s not all bad for Apple, though. Strategy Analytics believes that Apple will regain share in the fourth quarter of 2013 because of high demand for the new iPhone 5c and 5s. There’s a lot going for this strategy: the new iPhones were only on sale for ten days before the quarter came to a close. Imagine how those numbers will move once the iPhone 5s and 5c overcome supply issues and are available to consumers for a full 90 days.

• SourceMacworld