In the third quarter (Q3) of 2020, the global smartphone market seemed to embark on a recovery trajectory following a slump in the second quarter.
According
to research data analyzed and published by Comprar
Acciones, the global smartphone market grew by 32% quarter-over-quarter (QoQ) with 366 million unit sales in
Q3 2020.
Based
on a Canalys report, the global smartphone sale figures were slightly
different but told the same story. It showed a total of 348-million unit
sales and a 22% increase QoQ. In total, the top three smartphone brands
sold 177-million units in Q3 2020.
Samsung
was the leading brand in Q3 2020, with a 47% QoQ and 2% year-over-year (YoY) increase in global shipments, totaling 80 million.
In
Q2 2020, Samsung had posted a 27% YoY decline. Meanwhile, according to
its Q3 2020 earnings report, its revenue totaled $59 billion. It marked a
25% increase QoQ and 8% YoY. Also, it surpassed the previous quarterly
all-time high of $58 billion set in Q3 2018.
In
India, Samsung overtook Xiaomi to become the top selling brand.
According to Counterpoint Research, its market share in India went from
20% in Q3 2019 to 24% in Q3 2020. In the same period, Xiaomi’s share
dropped from 26% to 23%.
On
the other hand, Huawei was the second biggest brand globally, and it’s
the only big name that did not post sequential growth compared to Q2
2020. It shipped around 51 million units, down 24% YoY and 7% QoQ. Its
revenue for Q1 to Q3 2020 was only up by 9.9%
compared to a 24% increase during a similar period in 2019.
This
is largely a factor of Huawei phones no longer having access to Google
Mobile Services or direct access to the Google Play Store.
Xiaomi
overtook Apple to take the third spot with 46-million unit sales. Its Q3
2020 sales marked a 75% QoQ increase. Its market share was 13% compared
to Apple’s 11%. It was also the only major original equipment
manufacturer (OEM) to post positive growth in China.
The full story, statistics and information can be found here: https://compraracciones.com/2020/11/09/top-3-smartphone-brands-sell-177-million-units-in-q3-2020/
