Samsung Smartphones Rebound in July-August, Widen Gap With Other Brands
• After losing its crown in April, Samsung has rebuilt its market share.
• The company has also recaptured the top spot in India.
Seoul, Hong Kong, New Delhi, Beijing, London, Buenos Aires, San Diego – October 16, 2020
Samsung took the top spot in the global smartphone market in August, accounting for 22% of the market share according to Counterpoint’s latest Monthly Market Pulse report. In April, Samsung lost the top spot to Huawei due to sharp declines in its major markets of India and Europe. But in July and August, Samsung rebounded as India recovered from a nationwide lockdown. Samsung has now reached its highest market share in India since 2018 by adopting an aggressive online channel strategy to benefit from opportunities arising due to anti-China sentiments in the country.
Samsung is widening the gap with market No. 2 Huawei. After achieving its highest global share of 21% in April, Huawei’s market share is expected to fall further in the future due to US trade sanctions.
Global Smartphone Monthly Market Share (Apr 2020 vs Aug 2020)
Source: Counterpoint Monthly Market Pulse
Apple has managed to maintain its share well in the off-season period. With the October 13 launch of the new iPhone 12 series, we expect sales to rise but only in November as the launch is later than previous years. The long lifecycle of iPhone 11 series and successful new iPhone SE will help Apple bridge the gap till then.
Xiaomi is showing a significant increase in its market share, especially in markets where Huawei used to have strong presence, such as Central Eastern Europe.
Research Analyst Minsoo Kang said, “Geopolitical policies and political affairs among nations are affecting the smartphone market in many ways. There will be heightened marketing activity to seize opportunities in these regions and segments. As a result, the concentration of top players in the smartphone market will be much stronger. We see players like Samsung, Apple, Xiaomi and OPPO benefiting the most.”
Background:
Counterpoint Technology Market Research is a global research firm specializing in technology products in the TMT industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analysis of the mobile and technology markets. Its key analysts are experts in the industry with an average tenure of 13 years in the high-tech industry.
Analyst Contacts:
Counterpoint Research
press(at)counterpointresearch.com
Author
Neil Shah
Neil is a sought-after frequently-quoted Industry Analyst with a wide spectrum of rich multifunctional experience. He is a knowledgeable, adept, and accomplished strategist. In the last 18 years he has offered expert strategic advice that has been highly regarded across different industries especially in telecom. Prior to Counterpoint, Neil worked at Strategy Analytics as a Senior Analyst (Telecom). Neil also had an opportunity to work with Philips Electronics in multiple roles. He is also an IEEE Certified Wireless Professional with a Master of Science (Telecommunications & Business) from the University of Maryland, College Park, USA.
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