Samsung takes again smartphone crown from Apple; Xiaomi surges By Reuters

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© Reuters. FILE PHOTO: Apple’s 5G iPhone 12 and iPhone 11 can be seen in an Apple Store in Shanghai

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From Aakriti Bhalla

(Reuters) – Samsung Electronics (OTC 🙂 Co Ltd has recaptured the crown from Apple (NASDAQ 🙂 as the world’s largest smartphone maker, which accounted for a fifth of total global sales in the first quarter. This was announced by the market research company Canalys: https: / /www.canalys.com/newsroom/canalys-worldwide-smartphone-market-Q1-2021.

China’s Xiaomi (OTC 🙂 Corp had its best quarterly performance ever, with shipments up 62% to 49 million phones and a market share of 14%, ranking third after Samsung (KS 🙂 and Apple.

Overall, global sales rose 27% to 347 million units in the first quarter as the Chinese economy opened up after the pandemic and a swift introduction of vaccines in the US raised hopes of an economic recovery.

According to Canalys, the South Korean company Samsung shipped 76.5 million smartphones in the quarter to achieve a market share of 22%. The company reported a 66% increase in quarterly earnings in its wireless business on Thursday, thanks to robust sales of its flagship smartphone line, the Galaxy S21.

According to Canalys, Apple shipped 52.4 million iPhones between January and March and fell to second place with a market share of 15% after wowing Chinese buyers with its new 5G-enabled iPhone 12 in the December quarter.

However, the people who switched to the new iPhone still increased sales, and the company said on Wednesday that total sales to China almost doubled.

Last year people were shopping for smartphones and gadgets because of the coronavirus pandemic when they stayed inside. This led to a global shortage of semiconductor chips that has put industries such as automobiles and white goods into turmoil.

“Shipment of critical components like chipsets has quickly become a major concern and will hinder shipments of smartphones in the coming quarters,” said Stanton.

Apple said Wednesday that the shortage of chips could cost the company $ 3-4 billion in revenue in the April-June quarter, mostly affecting iPads and Macbooks.

According to Canalys, smartphone shipments for Chinese brands Oppo and Vivo also rose sharply in the March quarter.

China’s Huawei, the former number 1 still shackled by US sanctions, ranked seventh with 18.6 million units after selling its Honor brand last year.

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