The most recent quarterly report from Technique Analytics is out and it provides a bit of bit extra perception on how the market moved this yr and what to anticipate within the subsequent yr or so. The important thing takeaway is that the market is recovering quicker than anticipated, so as a substitute of the beforehand forecasted 15.6% decline in world smartphone gross sales, the market will undergo round 11% loss as a substitute. The US, European and Indian markets are the driving elements.
Amidst the declining smartphone gross sales, Samsung as soon as once more stands out with stable smartphone gross sales forward of the pack. It’s projected that the corporate will end off the yr with a complete of 265.5 million smartphone shipments taking 21% market share, adopted by Huawei with 192.7 million gross sales surpassing Apple by just a bit, which in flip will promote 190.1 million models and take 15.3% of the market.
A steep decline in 2021 is anticipated for Huawei going as little as 59 million models with Apple and Samsung stepping up their sport. Nonetheless, the 2019 world market gross sales of 1.41 billion models in complete shall be matched within the moderately distant 2022, primarily as a consequence of robust 5G and foldable smartphone market progress.