Samsung is expected to maintain its position as the lead in the global smartphone market, as per a PulseNews report. The company will likely strengthen its global efforts even further next year and will capitalize on the situation surrounding its rival, Huawei.
According to Strategy Analytics, the global smartphone shipments are expected to fall by about 11 percent to 1.26 billion units this year. This revised figure arrives after the original projection of 15.6 percent. The analytics based firm further stated that the new estimation reflects a faster recovery rate in various markets including, the US, Europe, and India, amid a new market growth on the back of growing trends like work from home and learning at home.
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Furthermore, the economic recovery in 2021 and more widened adoption of 5G networking and foldable smartphones will lead to overall market growth of 9 percent in 2021, with a 2019 level of shipments (1.41 billion units) being reached again by 2022. In the rankings, Samsung is expected to maintain its lead with 265 million units being shipped or 21 percent market share, followed by Apple with 192 million units shipped and a market share of 15.3 percent.
Similarly, Huawei rounds up the third spot with both Samsung and Apple gaining 0.1 percent and 1.3 percent of the market share respectively as the Chinese tech giant loses chunks of its market share next year, when its chip inventory runs out. The South Korean tech giant and Cupertino based giant could also soon replace Huawei in the premium flagship market in China as per the report.
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