Q1 2021 Archives - Gizmochina

Apple leads wearables market in Europe in Q1 2021 thanks to strong Apple Watches sale

Jeet — Wed, 30 Jun 2021 03:33:07 +0000

Apple is one of the leading companies when it comes to wearable devices and that is applicable to the European market as well. According to the data revealed by IDC, Apple continues to lead the wearable market in Europe in the first quarter of this year, selling over 7.8 million devices.

As for the market share, the Cupertino-based tech giant is controlling 35.6 percent of the wearable market in Europe. The second spot is reserved by Samsung with a 16.1 percent market share, selling over 3.5 million devices.

Chinese companies Xiaomi, Huawei, and Huami make up the top five wearable brands in the continent. The report also adds that Xiaomi has managed to sell 2.5 million devices in the first quarter of this year.

The IDC report also reveals that the earwear products account for the biggest share in 2020, with over 50.1 million units sold last year in this category. Now, as for the smartwatches, over 23.4 million units were sold last year, with the popular Apple Watches leading the category.

Apple Watches accounted for 31.2 percent market share, reaching 6.9 million units, representing a growth of 51.2 Year-on-Year. While WatchOS has surpassed market expectations, the price cut of Watch Series 3 and Watch SE led to stronger sales.

Xiaomi profits and revenue reach record high in Q1 2021

Sean — Thu, 27 May 2021 07:36:03 +0000

Xiaomi recently announced its unaudited consolidated results for the first quarter of this year. This financial report had the company register record high profits and revenue in the period ending on March 31.

As per an official blog post, the Chinese tech giant announced that its expectations regarding adjusted net profit and its overall revenue had far exceeded market projections. The company’s total revenue for this period was 76.9 billion Yuan (roughly 12 billion US Dollars), which marked a rise of a sizeable 54.7 percent year on year. On the other hand, the brand also recorded an adjusted net profit of 6.1 billion Yuan (roughly 965 million US Dollars), with profits seeing a whopping 163.8 percent growth year on year.

The smartphone maker added that “The strong growth of smartphone shipments drove a continued expansion of our global user base. Our AIoT platform has continued to scale in tandem across the world. Besides the solid growth in our existing business lines, we are also continuing to explore new opportunities and broadening our business horizon. In March 2021, we unveiled our new branding identity and also announced our official foray into the smart electric vehicle business, setting the course for an exciting journey that will ensure a bright future for the company in the coming decade.”

During Q1 2021, the company shipped a total of 49.4 million units and the gross profit for its smartphone business was around 12.9 percent. Xiaomi even maintained the third position in the global smartphone market, in terms of shipments, achieving a market share of 14.1 percent. Meanwhile, in China, the brand came fourth and had a market share of 14.6 percent.

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Global Smartphone Revenue crosses $100 billion in Q1 2021: Report

Sean — Fri, 21 May 2021 12:35:27 +0000

The global smartphone market has seen an impressive growth of 37 percent year on year in the first quarter of this year. This had the market bring in over 100 billion US Dollars in terms of revenue.

According to a StrategyAnalytics report, the market brought in a high figure with Apple leading the industry. Earlier, we had reported on the iPhone 12 series accounted for the highest sales number and revenue in the entire market. Linda Sui, Senior Director, at Strategy Analytics stated that “Apple and Samsung remain clear front runners in revenue terms but competition among the chasing pack is intense. Vivo surpassed Huawei and nudged up to the third place this quarter, for the first time ever.”

Similarly, Senior Analyst Yiwen Wu also added that “The global smartphone market is remarkable with 25% of revenue coming from super premium devices with wholesale prices above $900. Apple and Samsung dominate these hugely profitable segments. Vivo has seen success and is ranked first in the $400 to $499 wholesale band, while Oppo led in the US$191 to $299 range in Q1 2021. Transsion maintained the leadership in entry tier (US$36 to $99) this quarter.”

While Samsung and Apple dominated the market, Chinese smartphone brands like Xiaomi, Oppo, Vivo, and others also fought over market share. The overall revenue during this period also reached a new record high for this quarter.

Smartphone shipments in China increase by 9% in Q1 2021; OPPO leads the market

Jeet — Thu, 06 May 2021 06:14:40 +0000

With the COVID-19 pandemic getting in control in China, smartphone makers have been able to manage supply chain and production. This has helped the companies boost up smartphone sales in the country.

According to the data published by DigiTimes Research, the smartphone shipments in China increased by 9 percent in the first quarter of this year, totaling 94.6 million units.

OPPO F19

OPPO, Vivo, and Xiaomi have emerged as the leading smartphone brands in China as these companies had a stockpile of chipsets and components because of which there were no issues with the production of their devices amid the global shortage of components.

Huawei, which had been ruling the Chinese smartphone market continues to see a decline in its market share. Honor, which spun off into an independent company earlier this year, doesn’t have significant numbers in sales to become a mainstream brand in China.

The top five smartphone brands in China — OPPO, Vivo, Xiaomi, Huawei, and Apple accounted for 91.8 percent market share in the first quarter. If Honor is included in the mix, which comes in at a sixth place, then the total market share amounts to 98 percent.

While the first quarter of 2021 saw an increase in shipments for smartphone brands in China, the report is forecasting a decline of 19.3 percent for the second quarter, mainly due to the shortage of required components.

As for the global markets, a report from Canalys reveals that smartphone sales increased by 27 percent in Q1 2021, reaching 347 million units. The top five smartphone companies during the first quarter are Samsung, Apple, Xiaomi, OPPO, and Vivo respectively.

Samsung posts impressive Q1 2021 financial results across various segments

Jed John Ikoba — Fri, 30 Apr 2021 04:59:00 +0000

Samsung Electronics has announced its first-quarter results for 2021 and it shows a general increase from the corresponding results in Q1 of 2020. The South Korean tech giant revealed that it had a consolidated sales margin of about $59.04 billion (65.39 trillion won) and an operating profit of about $8.47 billion in the period ending March 31, 2021.

The results show a general rebound in several aspects of Samsung businesses. There was an 18% improvement in sales of smartphones, TVs, and household gadgets over the past year, which therefore drove operating profits up. The company will also pursue rapid deployment of premium 5G wireless smartphones and secure profitability by significantly reducing the shocks and disruptions occasioned by demand and supply glitches in its production lines.

The outlook for the year remains a mixed bag of uncertainty and promise and the company hopes to continue its growth trajectory by expanding sales of innovative products that are the outcome of a well-researched market demand template. Samsung continues to pursue research that will help it maintain its competitive edge in the tech firmament. The company says it is planning to strengthen its leadership and promote sustainable growth by scaling up the production and sales of lifestyle products and high value-added premium products while remaining highly responsive to market changes.

Samsung Electronics continues to expand its business model in various dimensions. Its consumer electronics arm continues to pursue custom-made home appliances with greater appeal to its teeming consumers across the world. The chipmaking arm of the company is also experiencing massive expansion, as the company lends itself to trying to reverse the global chip shortage, by putting plans afoot to establish new chipmaking plants in the US or South Korea. Samsung remains a strong tech brand with its hand into several segments of the tech ecosystem including consumer electronics, network infrastructure, mobile, display, chipmaking among several others.

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Samsung leads smartphone market in Q1 2021, while global shipments rise by 24% YoY

Sean — Tue, 20 Apr 2021 08:22:16 +0000

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.

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.”

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.

Samsung profit surged 45% in Q1 2021 due to smartphone and appliance sales

Jeet — Wed, 07 Apr 2021 08:06:19 +0000

Samsung Electronics launched its flagship S-series smartphones earlier this year than its usual timeframe. The release of the Samsung Galaxy S21 series seems to have helped the company achieve its goal.

According to the report, Samsung likely saw a jump of 45 percent during the months of January to March, i.e. Q1 2021, thanks to the robust sales of the company’s smartphones and home appliances.

Because of the COVID-19 pandemic, people are not spending more time at home and this has resulted in the demand surge for a wide range of high-margin consumer electronics products, helping the company increase revenue.

The demand is so high that it has created a global shortage of chips and other components. However, the company registered a decline in the earnings for the chip division mainly because of the storm that suspended production at its plant in the United States.

The Reuters report, citing several analysts claims that the operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, which is approximately $8.2 billion. This would mark Samsung’s highest operating income level for the first quarter since 2018.

Samsung is estimated to have cornered roughly 23% of the global market in the quarter, thanks to that launch and cheaper-than-usual pricing for its premium devices. That compares with a 20% market share in the same quarter a year ago and a 16% market share in the previous quarter when Apple released the iPhone 12.