Korean electronics company Samsung (Samsung) dominates the global smartphone market. In the second quarter (Q2) this year, the company remained at the first position in the global market with 21 percent market share. While the competitor company Apple (Apple) remained at number two with 17 percent market share. This has been said in a report of Canalis. According to the news of IANS, the global smartphone market declined by 11 percent (year-on-year) in the second quarter.
Samsung and Apple had to reduce their sales due to the decrease in the global smartphone market during the quarter. Apart from these top 2 companies, Chinese brand Xiaomi made its place at number three with 13 percent market share due to improvement in supply chain. OPPO (including OnePlus) grabbed the fourth spot with 10 percent market share, while the new Y-series launch saw Vivo move up to fifth with 8 percent market share.
Continuous decline since 2022
Canalis analyst Le Juan Chive said the smartphone global market is showing early signs of recovery after declining for six consecutive quarters since 2022. Has been There are indications that sellers are preparing for a market correction in the future. Vendors have not stopped investing in manufacturing and have a direct presence in emerging markets such as Southeast Asia and India.
According to analyst Toby Zhu, it is important for smartphone vendors to remain agile in order to react to new market signals and allocate their resources effectively Samsung (Samsung) introduced many smartphones under the Galaxy brand, which got a lot of support in the worldwide market. In addition to smartphones, Samsung manufactures tablets, Galaxy watches, and other electronic products.
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