World’s Top Smartphone Company :
The worldwide smartphone market is slowly getting back up dusting its pants. The COVID-19 pandemic had knocked it on to the ground in the first 2 quarters of the year 2020.
With a total of 353.6 million smartphones sold across the world, the smartphone market is recovering from the blow. Some companies have even thrived to stay in the world’s top smartphone company’s list.
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Which is the world’s top smartphone company?
According to a report from the International Data Corp., In the 3rd quarter of this pandemic year 2020, with 80.4 million smartphones sold across the world, the South-Korean giant Samsung is now the world’s top smartphone company.
Loosening the tight restrictions around the global pandemic by the local governments contributed exceptionally to the smartphone market’s comeback and Samsung to become the world’s top smartphone company.
“Although there was an element of pent-up demand that fueled market growth, it was mainly the array of heavy promotions and discounts that accelerated growth in these markets,” research director with IDC’s Worldwide Mobile Device Trackers, Nabila Popal said in a report.
The soaring demand for smartphones in India, the world’s second-largest market, due to distance learning was a boon to smartphone manufactures.
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“In India, distance learning has actually, boosted the demand for low-end smartphones as they are a more affordable option compared to tablets,” he added about the world’s top smartphone company.
However, Samsung has climbed back to reclaim the title as the world’s top smartphone company. It owned a whopping 22.7% of the world’s smartphone market share with India as its largest market with a value of 15% of its total numbers and the United States becoming its second-largest market.
It’s smartphone under $250 performed exceptionally well in India while A series with seamless performances from the Note 20 Ultra and Note 20 in the US, Samsung rose to the top with 40% year-over-year growth.
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But not all companies witnessed the same growth. Huawei with 51.9 million sales (14.7% of the 3Q 2020 market share) slipped down to 2nd place. The company is hit hard by the pandemic along with the U.S sanctions. The company saw a 22% drop in year-over-year performance.
In the list of the world’s top smartphone company, Xiaomi rose to number 3 with 46.5 million sales 3Q of 2020 (42% growth and 13.1% of world market share) kicking Apple to 4th place with 41.6 million iPhone sales around the world, experts say Apple’s descend was due to the delay of the launch of the new iPhone 12 series.
Vivo claims the 5th position in the list of the world’s top smartphone companies with 31.5 million sales in India it’s the biggest market place with 30% year-over-year growth in its models under $200.