Samsung Continues To Dominate The Smartphone Market

Samsung continues to dominate the smartphone market, surpassing Apple and Xiaomi to become number one.

Samsung has been a leading smartphone maker for years and even today the company continues to dominate the global markets. The South Korean giant has topped the first quarter of this year.

According to the International Data Corporation (IDC) report, Samsung has been the number 1 smartphone manufacturer in the first quarter of 2022 with 73.6 million unit shipments.

The South Korean smartphone maker also enjoys a 23.4% market share.

However, compared to the first quarter of 2021, there has been a decrease of 1.2 percent in the company’s shipments this year.

Last year, Samsung had 74.5 million shipments in the same period.

Apple, over Samsung, garnered an 18 percent market share from January to March this year and secured the second position with total shipments of 56.6 million iPhones.

Unlike Samsung, Apple grew its shipments by 2.2 percent in the first quarter of this year.

Xiaomi shipped 399 million units.

Xiaomi, OPPO, and Vivo come in third, fourth, and fifth place respectively. Xiaomi captured a 12.7 percent market with 3.99 million shipments.

While OPPO shipped 27.4 million units for an 8.7 percent market share. Vivo had a market share of 8.1 percent as the company shipped 2.53 crore units.

The decline in shipments of Chinese companies.

Notably, all three Chinese smartphone makers, like Oppo, are showing a decline in shipments year-on-year.

with Vivo seeing a massive 27.7 percent drop, followed by Oppo with a 26.8 percent drop, and Xiaomi at 17.8 percent. declined.

Decrease in customer demand.

According to IDC’s Nabila Pople, companies are struggling in the market due to supply chain issues for the components used to make smartphones.

She is also indicating a reduction in customer demand due to the current economic situation and global inflation.