A new report has revealed that the global smartphone shipments has seen a significant rise in the first quarter of this year. Shipments have reached about 340 million units in total, marking a growth of 24 percent year on year with Samsung leading the industry in terms of shipments.

Samsung

According to BusinessWire, a Strategy Analytics report revealed that the industry has seen an immense rise in shipments in Q1 2021, which is the highest growth since 2015. This is likely due to the pent up demand following 2020, with the market rebounding along with the 5G handset market seeing an impressive growth thanks to Chinese manufacturers. Linda Sui, Senior Director, at Strategy Analytics stated that “China smartphone shipments were up +35% YoY reaching 94 million units in Q1 2021. Globally, the top five vendors combined took a 76% market share in Q1 2021, up from 71% one year ago.”

Neil Mawston, Executive Director at Strategy Analytics, also added that “Samsung remains the largest vendor shipping 77 million smartphones globally in the first quarter, growing +32% YoY from 58 million units in Q1 2020. Samsung’s newly launched more affordable A series 4G and 5G phones, and the earlier launched Galaxy S21 series combined drove solid performance in the quarter. Apple shipped 57 million units iPhones worldwide, capturing second place with a 17% volume market share. The strong momentum behind the 5G iPhone 12 series continued across multiple markets.”

Samsung Galaxy S21 Series Plus Ultra Featured

This news arrives amid a global shortage of semiconductors, which has affected various industries across the world. Although, the shortage of chips did not impact the smartphone market during the first quarter of this year. Furthermore, the top 5 vendors accounted for 76 percent of the global market share during the same period, which is also up from 71 percent from last year.

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