The world of smartphones has witnessed a very tight competition in recent years. In the last two years, in the shadow of the coronavirus and chip shortages, many important companies in the industry have increased their popularity by making big sales. Samsung, one of them, has made a splash in the market with its intensive work.
Samsung’s market share is at the top of the last 5 years
Sansung made a rapid entry into the markets with its flagship smartphone, which it introduced at the beginning of 2022. Previous data also indicate that the company has made a significant leap recently. Finally, Counterpoint Research’s newest report on the global smartphone market reinforces this fact.
Production will be affected: Samsung succumbs to high inflation
It has been revealed that Samsung, which was selected as the most successful smartphone manufacturer in the first quarter of 2022, will reduce its 2022 production target.
Samsung stands out in the report. Accordingly, the company reached a market share of 24 percent in April, reaching its highest value in the last 5 years. Samsung last had a market share of 24.5 percent in 2017.
Underneath Samsung’s recent leap is less damage from coronavirus measures. So much so that the company has significantly reduced its dependence on China in production. On the other hand, China’s “zero tolerance for coronavirus” policy has put many manufacturers in a difficult situation lately.
During this period, Apple remained relatively quiet. Introducing only the iPhone SE 2022 in the smartphone section, the company continues to work for its flagship smartphone. Apple took the second place with 18 percent and Xiaomi with 13 percent.