Samsung Electronics has retaken the lead and overtook Apple as the world’s largest smartphone manufacturer. The former now accounts for more than a fifth of overall global sales during the first quarter of this year.
According to a Canalys report (Via Reuters), other smartphone OEMs like the Chinese brand Xiaomi has also recorded its best quarterly performance ever. The company’s shipments surged by 62 percent, reaching 49 million units and accounting for 14 percent of the market share. With this, the South Korean tech giant leads the market, with the Cupertino based firm arriving second, and Xiaomi following close behind on third. Meanwhile, the overall global smartphone sales also rose by 27 percent during this period, reaching 347 million units in shipments.
The news also arrives as the Chinese economy opened up after the pandemic while vaccination roll out in the US has raised the hopes of an economic recovery. Furthermore, Samsung shipped 76.5 million smartphones in the first quarter with a market share of 22 percent. This marked a surge of 66 percent in quarterly profit in its smartphone business, which is likely due to strong sales of its latest flagship Galaxy S21 series.
During this same period, Apple shipped 52.4 million iPhones with an overall market share of 15 percent. The company saw strong sales due to a positive reception of its 5G enabled iPhone 12 lineup in China. While the overall market saw great performance in Q1 2021, this momentum is expected to slow down in the arriving quarter as ‘supply of critical components, such as chipsets, has quickly become a major concern.’
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