Samsung became the largest smartphone maker in the world in the first quarter, overtaking Apple. The South Korean giant accounted for a fifth of overall global sales, market research firm Canalys said.
Samsung Leading the Pack
In all, there were 347 million units were shipped by the smartphone makers, recording a 27% surge. This comes after the Chinese economy opened up after the pandemic, along with a swift vaccine rollout in the US, raising hopes of an economic recovery.
Together, Samsung, Apple and Xiaomi complete the podium. On the other hand, Oppo and Vivo also registered a surge in their smartphone demand.
The standings are as follows, as per the research firm:
- Samsung shipped 76.5 million smartphones in the quarter.
- The South Korean company secure a 22% share of the market.
- The company on Thursday reported a 66% surge in quarterly profit in its mobile business.
- Galaxy S21 smartphone series registered excellent sales, powering the surge.
- Apple shipped 52.4 million iPhones in the quarter.
- Apple fell to the second spot with a 15% market share.
- The Silicon Valley giant secured second spot after a great showing in the Chinese market, with overall sales nearly doubling.
- People upgrading to the new iPhone was still the major sales driver.
- Xiaomi chalked up its best quarterly performance ever, shipping 49 million phone.
- That figure represents a surge of 62% and a market share of 14%.
- Huawei, on the other hand, took 7th place, shipping 18.6 million units
- .The former top spot holder remains plagued by US sanctions.
- The telecom vendor sold its Honor brand last year.
Clouds on the Horizon for Smartphone Makers?
There was a real demand for smartphones and gadgets in the last year, fueled by the pandemic. In turn, that increased demand caused a global shortage in semiconductor chips, hurting various industries.
“Supply of critical components, such as chipsets, has quickly become a major concern, and will hinder smartphone shipments in the coming quarters,” Ben Stanton, Research Manager, Canalys, said.
Apple said on Wednesday that the chip shortage could cost the company $3 billion to $4 billion in revenue in the April-June quarter, affecting primarily iPads and Macbooks.