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04 November 2018, 04:13 | Megan Pierce
Smartphone market slowed down in Q3 but Chinese makers flourished - GSMArena.com news
Figueres from IHS Markit show that global shipments fell by 3.3 per cent to 354.8 million during the third quarter of 2018, continuing from a 2.1 per cent drop in Q2. Samsung, no surprise, is still the king of the global smartphone hill. In addition, growing markets like India and Indonesia, where Samsung has held leading positions for many years, are being changed by the rapid growth of Chinese brands like Xiaomi, OPPO, and vivo.
While Chinese players continued their growth trajectory with strong performances in markets outside China. Samsung maintained first position with 20 per cent global smartphone marketshare, ahead of Huawei in second, while Xiaomi and OPPO rose to record highs in fourth and fifth places. Huawei beat Apple for sales this quarter, but researchers said that the holiday period could see Apple return to the top of the pile.
HMD almost doubled its shipments to 4.8 million but it still only holds 1% of the market.
Worldwide shipments of smartphones, still the most dominant of internet-connected devices, declined 6% compared to previous year, according to the International Data Corporation (IDC).
Despite a negative 13% growth, with 72.3 million units sold, Samsung continues to lead the smartphone market with an overall 19% share of the market in the quarter. "The brands will further expand outside China as they push into Asia Pacific countries and Europe". While the numbers say Samsung is still the number one OEM in terms of market share, a 13 percent year-on-year decrease in shipments combined with a 33 percent increase from Huawei saw the Chinese company close the gap.
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