Samsung remains no. 1 phone maker as industry hits new lows
Last updated: May 1st, 2020 at 11:27 UTC+01:00
Samsung is all the same the world's largest smartphone manufacturer, having kept that championship even after going through the worst quarter in the mobile industry'south history. Newly compiled information estimates the tech giant's Q1 shipments amounted to some 58.3 million units, nineteen% downward compared to the same catamenia last year. The decline barely fabricated a dent in Samsung's overall market place share, however. In other words, almost every other handset manufacturer experienced even worse drop-offs during the observed period.
The manufacture as a whole shrunk by approximately 55.6 million shipments over the get-go three months of the year. That negative trend virtually perfectly correlates with Samsung'southward slump, beingness mere ii points ahead.
The worst is yet to come for Samsung
Co-ordinate to Strategy Analytics, Samsung'due south now belongings 21.2% of the world's smartphone market past shipments, with its share mostly stagnating year-over-year. Likewise, it's all the same followed by Huawei and Apple – in that gild. While the global marketplace has been on a decline for some fourth dimension now, the freefall observed in the three-month catamenia catastrophe March 31st is primarily a issue of the ongoing coronavirus pandemic. The health crunch forced well-nigh electronics manufacturers to temporarily suspend not-essential factory operations, causing a hit to product output and shipments fifty-fifty earlier the consumer demand for such products started dropping every bit people began losing jobs.
Earlier this week, Samsung reported its better-than-predictable financials for the first quarter, suggesting it has notwithstanding to atmospheric condition through the worst furnishings of the COVID-19 lockdowns. In order to practise so, the company is turning its focus toward next-generation wireless technologies, hoping cheap 5G volition soften the blow to its smartphone sales.
Source: https://www.sammobile.com/news/samsung-remains-top-phone-maker-as-industry-hits-new-lows/
Posted by: wellshaved1950.blogspot.com
0 Response to "Samsung remains no. 1 phone maker as industry hits new lows"
Post a Comment