Who Dominates The Mobile Market?
30 May, 2018 | Technology
Last year we saw the first ever drop in worldwide smartphones sales but the latest figures show sales are up and continuing to grow in the first quarter of 2018.
Smartphone sales rose 1.3% from 378.5 million to 383.5 million in the first quarter of 2018.
But who dominates the market?
Although Apple is the most valuable company in the world, Samsung still dominate the mobile market (in terms of units sold), but Apple is slowly catching up.
Samsung’s mobile market share has slipped slightly in the first quarter of 2018, allowing Apple to gain up on them a little.
The South Korean tech giant sold 78,564,800 smartphones in the first quarter of the year, which is 0.3% down from last year.
Meanwhile, Apple continues to increase the number of devices sold from 51,992,500 in the first quarter of 2017 to 54,058,900 in the first quarter of 2018, growing its share of the mobile market from 13.7% to 14.1%.
Here are the mobile market share stats:
1) Samsung – 20.5%
2) Apple – 14.1%
3) Huawei -10.5%
4) Xiaomi – 7.4%
5) Oppo – 7.3%
The remaining 40.2% of the market is shared between the other smartphone providers such as LG and Sony.
Huawei took third place having sold 40 million handsets thanks to the success of the Huawei P20, while Xiaomi in fourth place gain the most with a massive 124% increase year on year to 28.5 million devices sold in the first quarter.
Xiaomi is set to release their smartphones in the UK for the first time, which is likely to boost its growth even further but for the time being it looks like Samsung will dominate the mobile market for the foreseeable future.