Monday, December 23, 2024

Samsung Overtakes Apple as the World’s Largest Smartphone Maker

In the first quarter, Samsung Electronics Co Ltd regained its place as the world’s largest smartphone manufacturer from Apple, accounting for a fifth of total global shipments.

In the first quarter, global shipments increased by 27% to 347 million units, as the Chinese economy recovered from the pandemic and a quick vaccine rollout in the United States boosted expectations of a quick recovery.

According to Canalys, Samsung delivered 76.5 million smartphones in the third quarter, capturing a 22 percent market share. Thanks to strong sales of its flagship Galaxy S21 smartphone series, the company announced a 66 percent increase in quarterly profit in its mobiles business on Thursday.

Apple shipped 52.4 million iPhones in the January-March season, dropping to second place with a 15% market share, as per Canalys.

Moreover, according to Counterpoint analyst Varun Mishra, Apple still has a record market share in the United States, China, India, and Japan, with the iPhone Pro Max becoming a top seller in the US.

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